The reporter recently learned from the China Interbank Market Dealers Association that in 2024, the Traders Association continued to strengthen market self-discipline management and seriously investigated and punished violations. It launched a case investigation on 91 institutions throughout the year, and 88 (persons) were self-disciplined. As of the end of 2024, the Traders Association has carried out more than 1,300 self-discipline punishments.
The relevant person in charge of the Traders Association introduced that investigations and implementation of punishments are carried out on the market manipulation, interest transfer, bond trading accounts, illegal holdings, illegal forwarding, inter-account adjustment of profit and loss, non-market bond issuance, violation of fundraising, and information disclosure violations, and maintain severe punishment for key areas and high-pressure areas, and pay more attention to full-chain and three-dimensional accountability.
At present, the association has established a special reminder mechanism for typical violations and issued 4 reminders to market members accurately. In response to minor violations and potential problems, it has conducted business reminders and interviewed 190 companies, and conducted special investigations on more than 5,000 market participants.
In view of the self-discipline management of the secondary market, the association has released a new version of market making evaluation indicators and a new version of brokerage market. The transaction behavior information archive records more than 10,000 pieces of information on quotation performance behavior of market members, and supports market institutions to check the "transaction portraits" between each other. (Reporter Liu Kaixiong)
