China Securities Regulatory Commission issues three industry data standards for stock exchanges, enterprise asset securitisation and futures asset management reporting

The China Securities Regulatory Commission (CSRC) has published three financial industry standards that standardise data elements and supervisory data collection requirements across key securities and futures business domains, with effect from the date of publication. The “Securities and Futures Industry Business Domain Data Element Specification Part 4: Stock Exchanges” sets out standard business classifications and data item attributes, including names, business meanings, data types and lengths, to guide securities and futures institutions in data build-out and use. The “Securities and Futures Industry Business Domain Data Element Specification Part 5: Enterprise Asset Securitisation Business” establishes a data element framework covering the full lifecycle of enterprise asset securitisation (ABS) activities, aimed at strengthening data governance and enabling efficient information sharing. The “Futures Company Regulatory Data Collection Specification Part 2: Asset Management Business” standardises the business definitions and data types for futures companies’ asset management data elements, clarifying supervisory data collection standards and supporting more digital and intelligent supervision. CSRC indicated it will continue developing data governance and business service standards and will progress the capital market’s information technology and digitalisation agenda to strengthen the foundations for technology-enabled supervision.