China Securities Association issued self-disciplinary measures to prevent securities firms from adjusting profits and financial indicators through valuation.

Financial news app Zhitong learned that on April 25th, the China Securities Industry Association revised the "Guidelines for Valuation of Financial Instruments by Securities Companies", guiding securities firms to value and impair financial instruments scientifically and reasonably to prevent financial risks. The guidelines will take effect on June 1, 2025. The guidelines stipulate that in order to ensure prudence in the valuation process and prevent situations where profits and financial indicators are adjusted through valuation, self-discipline-related provisions have been added. The CSIA can assess and inspect the implementation of financial instrument valuation work by securities firms, and if a securities firm is not cautious in the valuation process or adjusts profits and financial indicators through valuation, the CSIA can take self-discipline measures or disciplinary action against the company and responsible individuals. Currently, securities firms can value financial instruments measured at fair value, including but not limited to stocks, bonds, funds, derivatives, unlisted company equity, and asset management products held by securities companies.