---
title: "Brokerage firms withdraw from supervisory board as the end approaches; regulatory groundwork for reform progresses"
description: "Local securities regulatory bureaus require brokerages to report on the progress of supervisory board reforms, and brokerages must complete the transfer of supervisory board powers to the audit commit"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/262369013.md"
published_at: "2025-10-23T07:43:53.000Z"
---

# Brokerage firms withdraw from supervisory board as the end approaches; regulatory groundwork for reform progresses

> Local securities regulatory bureaus require brokerages to report on the progress of supervisory board reforms, and brokerages must complete the transfer of supervisory board powers to the audit committee of the board of directors by 2025. Currently, at least 30 listed brokerages have passed resolutions or amended their articles of association to abolish the supervisory board. This marks the exit of the supervisory board system after nearly 30 years

Reporters learned that local securities regulatory bureaus have successively issued documents to brokerages, requiring them to report on the progress of the reform of the supervisory board. According to regulatory requirements, brokerages must complete the transfer of the supervisory board's powers to the audit committee of the board of directors by 2025. So far, at least 30 listed brokerages have passed board resolutions, held shareholder meetings to review related proposals to abolish the supervisory board, or amended company articles to abolish the supervisory board. This reporting will further clarify the progress of reform across the industry and signifies that the supervisory board system, which has been in place for nearly 30 years, is exiting the stage of corporate governance

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.