Consolidated supervision substantively implemented, CSRC initiates the first batch of 6 pilot securities firms to report on their consolidated management situations.

On March 16th, it was learned from the industry that the China Securities Industry Association recently issued a notice within the industry, officially launching the first batch of transitional period securities firms consolidated management reports and consolidated risk control indicator submission work. This marks the transition of the industry's consolidated supervision from the system framework construction to the substantive implementation phase since the publication of the "Guidelines for the Consolidated Management of Securities Firms". According to the requirements, the first batch of transitional period reporting entities are the six leading securities firms that have officially implemented the consolidated supervision pilot, namely CICC, CMB Securities, CITIC Securities, HT Securities, CSC Financial, and Guotai Junan Securities.