Brokers under new rules
By Bi Xiaoning | China Daily | Updated: 2009-03-17 07:43
China's securities brokers will be governed by new rules starting April 13, the China Securities Regulatory Commission (CSRC) said yesterday.
According to regulations released by the CSRC, all brokers will be required to acquire standard professional qualifications and can only work for sole securities firms.
The move is aimed at professionalizing the securities market and protecting the interests of investors. Securities brokers are defined as persons assigned by securities firms to attract clients and provide customer services.
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