On 28 May 2021, CHI CSRC responded to media reports that there are excessively strict and detailed verification requirements for shareholder information disclosure.

• Noted that during implementation, some intermediaries have expanded their scope of verification, resulting in shareholders with small shareholding not meeting criteria.
• CSRC emphasizes that shareholders of listing companies should be thoroughly inspected in accordance with the principle of substance over form and importance.
• SSE, SZSE will introduce identification standards for ultimate beneficial shareholder.