China's major stock exchanges have updated trading business unit management rules, instructing brokerages to immediately begin a comprehensive self-inspection. Brokerages must rectify any non-compliant configurations within three months, ensuring fair allocation of trading gateways to all investors, particularly small and medium-sized ones. The new regulations strictly prohibit providing special conveniences to individual investors and mandate business segregation for proprietary trading, market making, and asset management to maintain market order and fairness. AI
RANK_REASON Regulatory action by major stock exchanges impacting brokerage operations and investor access. [lever_c_demoted from significant: ic=1 ai=0.1]
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