Streaming analysts raise CSRC concern
Some equity research analysts have become cybercelebrities who controversially communicate with investors through live video-streaming websites and video-sharing apps, which has raised the eyebrows of China's securities regulator.
The Shanghai and Beijing offices of the China Securities Regulatory Commission have reportedly issued notices to the securities firms under their regulatory jurisdiction, asking them to improve the internal controls over the publication of their research reports through online platforms and instant messaging apps.
The regulator's concern came after a young and attractive female equity analyst named Liao Lei at Founder Securities Co broadcast her research report in a traditional Chinese costume through online video-sharing platform Meipai app on April 7.
