China CSRC Issues Three New Financial Industry Standards to Strengthen Data Governance
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The China Securities Regulatory Commission (CSRC) has issued three new financial industry standards, which took effect immediately upon publication on October 10, 2025:
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“Business Domain Data Element Specification for Securities and Futures Industry – Part 4: Stock Exchanges”
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“Business Domain Data Element Specification for Securities and Futures Industry – Part 5: Corporate Asset Securitization”
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“Futures Companies Regulatory Data Collection Specification – Part 2: Asset Management Business”
ONE
The fourth part of the Business Domain Data Element Specification defines the business classifications, field names, business meanings, data types, and lengths for data elements related to securities exchange operations. This standard provides guidance for institutions in the securities and futures industry to develop and apply related data. Its implementation is intended to standardize data processing and storage, improve data circulation efficiency, strengthen information disclosure in key areas, and accelerate digital transformation across the industry.
TWO
Part 5 establishes a set of data element specifications applicable throughout the lifecycle of corporate asset securitization (ABS) business. The standard provides practical and general-purpose guidance for institutions in the securities and futures industry, aiming to consolidate the foundation of industry data governance, facilitate efficient information sharing, and support the construction of high-quality, digital capital markets.
THREE
The second part of the Futures Companies Regulatory Data Collection Specification defines the business meanings and data types of asset management business data elements for futures companies. The implementation of this standard is expected to improve industry data governance, standardize regulatory data, clarify data collection requirements, and support the digital and intelligent transformation of market supervision.
The CSRC stated that it will continue to develop data governance and business service standards, and steadily promote the digitalization and informatization of capital market information, further consolidating the foundation for technology-based regulation.
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