金融监管总局，最新发布！

Core Viewpoint - The revised "Management Measures for Currency Brokerage Companies" aims to enhance the operational scope and risk management of currency brokerage companies, effective from August 1, 2025, while increasing the minimum registered capital requirement to strengthen their risk resilience [1][3]. Group 1: Business Scope Expansion - The revised measures allow currency brokerage companies to provide matching services for transactions in currencies, bonds, foreign exchange, gold, and derivatives among financial institutions, while explicitly excluding equity and commodity derivatives from their brokerage services [3][4]. - The measures also permit brokerage companies to utilize market data generated during brokerage activities to offer data services to clients [3]. Group 2: Capital Requirements - The minimum registered capital requirement for currency brokerage companies has been raised from 20 million RMB to 100 million RMB or its equivalent in freely convertible currency [4]. - The measures specify that the investment must come from the broker's own funds, prohibiting the use of entrusted or debt funds for investment, and limit equity investments to no more than 50% of the company's net assets [4]. Group 3: Regulatory Enhancements - The revised measures include stricter compliance management, operational risk management, and information technology risk management requirements, with a focus on data security [6]. - A dedicated chapter on "Broker Management" has been added to strengthen the regulation of broker behavior, emphasizing the management of suspicious transactions and the ethical conduct of brokers [6]. - The measures highlight the importance of inter-departmental regulatory collaboration among financial regulatory bodies to ensure comprehensive oversight of brokerage activities in various markets [6].