The People's Bank of China has formulated the "Interbank Market Brokerage Business Management Measures," which will be implemented starting January 1, 2026

Brokerage institutions must report to the People's Bank of China before any reduction of capital, merger, division, dissolution, custody, suspension of business, application for bankruptcy, involvement in major litigation, changes in major shareholders, and other significant matters as stipulated by the People's Bank of China, and must announce the matter to the market within 3 working days after it occurs.

Brokerage personnel must undergo relevant vocational training before taking up their positions, receive annual training each year, and strictly adhere to the professional ethics of the brokerage industry. Supervisors of brokerage departments must have at least 5 years of experience in the financial market, while brokerage personnel must have at least 1 year of experience in the financial market and be familiar with the relevant regulations and business rules of the interbank market