"42 listed securities firms have all decided to revoke the supervisory board, and the corresponding responsibilities have been fully transferred to the board's audit committee."

Reporters have learned from multiple sources that all 42 listed securities firms have completed the reform of revoking the board of supervisors, transferring the supervisory authority, financial information audit, and internal and external audit supervision responsibilities from the original board of supervisors to the audit committee of the board of directors. According to the relevant transitional arrangements of the China Securities Regulatory Commission, listed securities firms need to complete the adjustment of internal supervision mechanisms by January 1, 2026. This signifies the alignment of corporate governance in the securities industry with the supervision direction of listed companies, further strengthening the accountability of entities and optimizing decision-making supervision mechanisms.