Important Adjustment! Jointly Issued by the China Securities Regulatory Commission and the Ministry of Finance_Industry News_News

Important Adjustment! Jointly Issued by the China Securities Regulatory Commission and the Ministry of Finance

2025-11-07

On November 7th, the China Securities Regulatory Commission (CSRC) and the Ministry of Finance issued the Measures for the Administration of the Securities Settlement Risk Fund (hereinafter referred to as the "Measures"), which will come into force on December 8th, 2025. This revision implements differentiated adjustments to the contribution ratio of the risk fund. The ratio for equity-based products is reduced from 0.003% (three ten-thousandths) to 0.0009% (nine hundred-thousandths) of the transaction volume. The ratio at which securities registration and settlement institutions draw the risk fund is adjusted from 20% to 9% of their business income and profits.

It should be noted that the total net assets of the current risk fund have exceeded 3 billion yuan. Settlement participants that have paid the risk fund for a full year will not be required to make additional contributions due to this revision. It is reported that to implement the relevant provisions of the Securities Law of the People's Republic of China, continuously enhance the risk prevention capacity of the securities registration and settlement system, and strengthen the whole-process management of the Securities Settlement Risk Fund (hereinafter referred to as the "risk fund"), the CSRC, together with the Ministry of Finance, revised the Measures.

Source: Securities Times

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