Real Name Registration for Stocks

China has been rolling out a property registration system and will drag the transition out for who knows how long, but when there are short-sellers to find, they manage to put together an identification system in a week.

BI Australia: Illegal Chinese share traders look out -- the regulator is coming for you, along with the police

The China Securities Regulatory Commission (CSRC) alleges: “Some institutional or individual investors hold ‘virtual’ securities accounts or trade with borrowed accounts. As real-name registration is required by the law, this illicit conduct may damage other investors’ legitimate interests.”

According to the report, the CSRC have asked local authorities to verify the existence of stock trading accounts and tighten oversight of account activity.

The commission said it will clamp down on illegal activities in accordance with Chinese law and hand perpetrators over to the police.

City AM: China introduces new rules for brokerages to combat stock market rout

The China Securities Regulatory Commission (CSRC) has instructed brokerages to provide stricter proof of identification on holders of securities accounts to prevent investors controlling or sharing multiple accounts.

Investors will have to provide their real names and national ID numbers as part of the new rules.

iFeng: 证监会：严格落实炒股实名制 打击机构违规配资