PANews reported on December 6th that, according to the Shanghai Securities News, Wu Qing, Chairman of the China Securities Regulatory Commission (CSRC), stated at the 8th Member Congress of the Securities Association of China that it is necessary to strengthen risk prevention in key areas. For businesses requiring close attention, such as margin trading, over-the-counter derivatives, and private asset management, as well as institutions with headquarters and subsidiaries in different locations, key risks such as credit, liquidity, and compliance must be closely monitored and prevented before they occur. New business models such as crypto assets should be thoroughly analyzed and treated prudently; businesses that are unclear or uncontrollable should not be allowed to operate, and illegal or irregular activities should be resolutely avoided.PANews reported on December 6th that, according to the Shanghai Securities News, Wu Qing, Chairman of the China Securities Regulatory Commission (CSRC), stated at the 8th Member Congress of the Securities Association of China that it is necessary to strengthen risk prevention in key areas. For businesses requiring close attention, such as margin trading, over-the-counter derivatives, and private asset management, as well as institutions with headquarters and subsidiaries in different locations, key risks such as credit, liquidity, and compliance must be closely monitored and prevented before they occur. New business models such as crypto assets should be thoroughly analyzed and treated prudently; businesses that are unclear or uncontrollable should not be allowed to operate, and illegal or irregular activities should be resolutely avoided.
Wu Qing, Chairman of the China Securities Regulatory Commission: We need to conduct in-depth analysis and treat new business models such as crypto assets with caution.
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PANews reported on December 6th that, according to the Shanghai Securities News, Wu Qing, Chairman of the China Securities Regulatory Commission (CSRC), stated at the 8th Member Congress of the Securities Association of China that it is necessary to strengthen risk prevention in key areas. For businesses requiring close attention, such as margin trading, over-the-counter derivatives, and private asset management, as well as institutions with headquarters and subsidiaries in different locations, key risks such as credit, liquidity, and compliance must be closely monitored and prevented before they occur. New business models such as crypto assets should be thoroughly analyzed and treated prudently; businesses that are unclear or uncontrollable should not be allowed to operate, and illegal or irregular activities should be resolutely avoided.
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