The number of new accounts has surged, and the regulators have urgently taken measures to regulate the securities firms' business expansion.

On October 13th, Jin10 Data reported that the number of new accounts and financing scale has significantly increased recently, in order to promote the long-term healthy and stable development of the Capital Market, regulatory agencies have issued the latest notice to all securities companies, requiring them to effectively protect the legitimate rights and interests of small and medium-sized investors and do a good job in serving new account investors. The notice involves five aspects including strict implementation of suitability management, strengthening risk disclosure, regulating marketing and promotional activities, continued good service to investors, and strengthening Compliance risk management. In addition, it has been observed that since this year, regulatory agencies have continuously strengthened their supervision in the field of new account opening, and the fines issued have focused more on illegal activities such as commissioning others to solicit customers and providing account opening test answers to customers.