The Shanghai Stock Exchange has issued a notice instructing securities firms to
strengthen management of trading business units. Brokers must immediately begin
a comprehensive self-inspection; existing non‑compliant configurations must be
remedied within three months. The exchange requires fair allocation within
trading units, equal treatment of investors and protection of investor
rights—especially small retail clients—and bans providing special privileges to
individual investors. Firms are required to ensure remediation is carried out
smoothly and to prioritize using cleared trading units to improve ordinary
investors’ trading experience.
