The China Securities Association told brokerages in a 2025 securities research operations report that the industry lacks clear boundaries and controls for AI use in research and that some analysts have publicly used unverified, AI‑generated errors, damaging the sector’s credibility. The report calls for internal control and content‑review mechanisms to vet AI outputs for accuracy, logic and compliance, and urges a ban on analysts directly relying on unverified AI‑generated data, views, market si

The China Securities Association told brokerages in a 2025 securities research operations report that the industry lacks clear boundaries and controls for AI use in research and that some analysts have publicly used unverified, AI‑generated errors, damaging the sector’s credibility. The report calls for internal control and content‑review mechanisms to vet AI outputs for accuracy, logic and compliance, and urges a ban on analysts directly relying on unverified AI‑generated data, views, market simulations and research conclusions to guard against model hallucination risk.