The China Securities Association has published a draft revision of the Securities Company Liquidity Risk Management Guidelines for industry comment. The draft clarifies responsibility boundaries and tightens management obligations, with a focus on high‑complexity areas. The chapter on identification, assessment, monitoring, response and reporting adds explicit requirements for liquidity buffers, governance of cross‑border business and overseas subsidiaries, and cross‑currency liquidity risk mana

The China Securities Association has published a draft revision of the Securities Company Liquidity Risk Management Guidelines for industry comment. The draft clarifies responsibility boundaries and tightens management obligations, with a focus on high‑complexity areas. The chapter on identification, assessment, monitoring, response and reporting adds explicit requirements for liquidity buffers, governance of cross‑border business and overseas subsidiaries, and cross‑currency liquidity risk management.