Shanghai Securities Interbank Association reports on the on-site inspection of self-regulation standards for investment advisory agencies in Shanghai in 2025.

On February 24, according to the Shanghai Securities Interdealer Association, the Association conducted on-site inspections of the compliance with self-regulatory standards of some investment consulting institutions in the Shanghai area in April and November 2025. In terms of marketing and promotion, the inspections found that the institutions inspected deliberately exaggerated and misled clients in their marketing and promotion. For example, promotional materials were publicized without proper compliance review; there were situations involving suspected exaggeration and inducement of clients; suspected exaggeration of past performance of products or services in promotion; inappropriate statements that may make investors believe that there is no risk; and the use of individual client testimonials as advertising.