Securities regulation: No more bad research in China
Securities firms will get a reputation management score from SAC, limiting their ability to provide balanced views. It looks like a step backwards for the country’s financial system.
By Rebecca Feng
China’s SAC plans to give securities firms a reputation management score
The Securities Association of China (SAC) said in August that it would assign a reputation management score to securities firms based on two criteria: the ability to guide public opinions on the market and regulations; and the ability to handle negative news about themselves.