Supervision has further strengthened the self-discipline management of the chief economist, and reputation risks caused by improper words and deeds can be dismissed on multiple occasions

On December 20th, it was exclusively learned from the industry that the Securities Association of China recently issued a notice in the industry to further strengthen the self-discipline management of chief economists of industry institutions from six dimensions: main management responsibilities, employment norms, pre-audit of external voices, and reputation risk management. The China Securities Association requires that if the chief economist causes reputational risk incidents or has serious adverse effects due to his personal improper words and deeds multiple times within a certain period of time, the company should deal with it severely until dismissal. Securities companies should urge chief economists to cherish the reputation of the industry and individuals. The chief economist should follow the practice principles of independence, objectivity, fairness, prudence, professionalism and integrity, speak out responsibly, correctly grasp the party and state's major policies, and play an active role in publicizing and interpreting the party's and state's lines, principles and policies, reasonably guiding market expectations and enhancing investor confidence. The chief economist's practice of the core values of industry culture is included in the evaluation of the cultural construction practice of securities companies.