【独家】中证协建“吹哨人”机制，剑指IT服务商四类不正当竞争行为

Core Viewpoint - The establishment of a complaint and reporting mechanism by the China Securities Association aims to regulate unfair competition among IT service providers in the securities industry, addressing issues such as commercial bribery, false advertising, technical coercion, and malicious pricing. Group 1: Unfair Competition Behaviors - The mechanism targets four main types of unfair competition: commercial bribery, false advertising, technical coercion, and malicious pricing [1][2] - Commercial bribery includes offering financial incentives to securities company staff to gain trading opportunities or competitive advantages, which will now be closely monitored [2] - False or misleading commercial advertising by service providers regarding product performance, quality, and user feedback is also a focus, ensuring securities companies' rights to informed choices [2] Group 2: Technical Coercion - The mechanism addresses the use of technology to exert unfair competition, including influencing broker choices or obstructing other service providers' legitimate offerings [2] - Specific actions such as inducing brokers to alter or uninstall competing services are included, reflecting concerns over common practices in platform economies [2] Group 3: Pricing Behavior - Pricing behaviors that disrupt market order, such as price discrimination, manipulation, and forced bundling, are highlighted as areas for reporting [3] - This aims to prevent dominant IT service providers from harming market health through predatory pricing strategies [3] Group 4: Operational Framework - The China Securities Association has established a comprehensive process for reporting, requiring brokers to submit detailed information through a data reporting system [3] - The association will maintain a dynamic record of reported issues and periodically report to the regulatory authority [3] Group 5: Handling and Collaboration - A differentiated strategy will be employed for handling complaints, with guidance for brokers to resolve issues through contracts or formal complaints [4] - The association will collaborate with other industry bodies if unfair competition affects multiple sectors, promoting cross-market regulatory cooperation [4] Group 6: Long-term Impact - The implementation of this mechanism is expected to curb market chaos and refocus competition on technological innovation and service quality [4] - A more transparent and fair competitive environment is seen as essential for the digital transformation of the securities industry and the stability of financial markets [4]