Brokers' rules likely to help bigger players

SHANGHAI: The new classification rules that apply to China's securities brokers are likely to sharpen the divide between large and small players, experts said.

The rules, which have been in the loop since June 2007, seek to divide brokers into 11 classes under five categories, based on risk management capabilities.

This is to facilitate the "rational allocation of supervisory resource" and "improve supervisory efficiency", the China Securities Regulatory Commission, or CSRC, said in a statement released on Sunday.