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The China Securities Association (CSA) has unveiled the "Guidance on Valuation of Financial Instruments by Securities Companies," which mandates that securities firms conduct scientific and reasonable valuation and impairment assessments of their financial instruments to mitigate financial risks. This guidance underscores the importance of prudence in the valuation process, explicitly prohibits the manipulation of profits or financial indicators through valuation adjustments, and grants the CSA the authority to evaluate, inspect, and take necessary self-regulatory measures regarding the valuation work of securities firms' financial instruments. The guidance comprehensively covers the fair value measurement of various financial instruments, including stocks, bonds, and funds, providing clear and concise valuation guidelines for securities companies.
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