China's multiple securities regulatory authorities have recently issued regulations requiring brokers and other financial institutions to strengthen public speaking management, particularly for chief economists, securities analysts, fund managers, and other industry professionals. The new regulations emphasize the importance of responsible public speaking, ensuring that experts only express their genuine views based on rigorous research and analysis.
In addition, the regulations prohibit analysts from making sensational or market-moving comments for the sake of gaining attention or pleasing clients. They also prohibit analysts from relaxing their standards to fit into trending topics or afford undue influence to speculative opinions.
The regulations also address the issue of third-party institutions accepting client commissions and using AI to gather and analyze market data, which is then disseminated to the public. The regulations explicitly prohibit professionals from providing research reports in the name of clients, and any such reports must be kept confidential or used as research materials only.
The guidelines aim to maintain discipline among industry professionals and prevent violations of regulatory requirements. As the regulatory environment continues to evolve, it is essential for experts to adhere to stricter standards of conduct and ensure that their public statements align with their professional integrity and expertise.