Shanghai Stock Exchange requires securities firms to conduct self-inspections in 2025, with a focus on the new Sci-Tech Innovation Board Growth Enterprise Market.

The Shanghai Stock Exchange organized securities firms to carry out the regular self-inspection work for 2025, urging them to identify weak points in business management and actively implement rectifications. The self-inspection content includes customer trading behavior, margin trading business, customer suitability, trading and related systems, and investment banking business. In particular, monitoring of short selling "T+0," management of program trading, and internal accountability for IPO withdrawal projects are all involved. This year, special additional requirements for self-inspection of the Science and Technology Innovation Board and the Science and Technology Growth Enterprise Board have been added, including the formulation or updating of relevant risk disclosure documents, providing investors with sufficient reading time before signing, conducting risk warnings and investor education through multiple channels, and informing ordinary investors of the risks before they first participate in trading of newly registered stocks and depository receipts and signing disclosure documents. The Shanghai Stock Exchange will take self-disciplinary measures against securities firms that do not carry out self-inspections properly or objectively.