The securities regulatory authorities and other departments strengthen supervision of the business practices of intermediary institutions in accordance with the law, and may take joint on-site inspections and other measures when necessary

Premier Li Qiang of the State Council recently signed a State Council order, announcing the "Regulations on Standardizing Intermediary Institutions Providing Services for Companies' Public Issuance of Stocks," which will take effect on February 15, 2025. Departments such as securities supervision and administration, finance, and judicial administration should strengthen information communication and coordination, and according to their responsibilities, enhance supervision of the professional conduct of intermediary institutions; if necessary, they may take measures such as joint on-site inspections to investigate and deal with illegal and irregular activities in accordance with the law