According to Securities Times, during the 8th Member Conference of the China Securities Association, Wu Qing, Chairman of the China Securities Regulatory Commission, called for heightened risk prevention across key financial activities. He highlighted margin trading, OTC derivatives, and private fund management, with heightened scrutiny for out-of-town subsidiaries and related entities. He stressed continual monitoring of credit, liquidity, and compliance risks, and urged a prudent evaluation of crypto assets as new formats emerge.
For crypto assets, the regulator mandated a thorough assessment, urging a careful prudent attitude toward innovation. Any business activity that cannot be clearly understood or controlled should be barred, and all illegal activities would be strictly avoided to safeguard market integrity.
The remarks reinforce a framework of vigilant supervision and disciplined risk governance, aligning with broader regulatory expectations for the evolving intersection of traditional markets and crypto-related instruments.
Source: https://en.coinotag.com/breakingnews/csrc-tightens-risk-controls-on-crypto-assets-margin-trading-and-otc-derivatives-prudent-oversight-of-private-funds-and-out-of-town-subsidiaries
