刚刚，沪深交易所重磅发布！

Core Viewpoint - The article discusses the introduction of significant regulatory measures for algorithmic trading in China, specifically the inclusion of Shanghai and Shenzhen Stock Connect investors in the algorithmic trading reporting framework, effective from January 12, 2026 [1][5]. Group 1: Regulatory Framework - The Shanghai Stock Exchange has issued guidelines for algorithmic trading reporting for investors participating in the Shanghai Stock Connect, detailing reporting requirements, timelines, and management protocols [3][8]. - The Shenzhen Stock Exchange has simultaneously released similar guidelines for investors in the Shenzhen Stock Connect, aligning with the principles of consistency for domestic and foreign investors [5][10]. Group 2: Implementation Timeline - The reporting guidelines will officially take effect on January 12, 2026, with existing investors required to complete their reports within three months of implementation [1][10]. Group 3: Reporting Requirements - Investors engaging in algorithmic trading must fulfill reporting obligations, ensuring that the information provided is truthful, accurate, and complete [8]. - The reporting process mandates that investors report before trading, with specific pathways outlined for communication between investors and exchanges [8][9]. Group 4: Information Types and Management - The report must include various types of information such as basic details, funding information, trading data, and software details [8][9]. - High-frequency trading participants are required to provide additional information regarding their trading systems and emergency plans [9]. Group 5: Compliance and Enforcement - The exchanges will enforce compliance, with potential disciplinary actions for those failing to meet reporting obligations or providing incomplete information [9][10]. - The exchanges can collaborate with the Hong Kong Stock Exchange to obtain necessary client information related to algorithmic trading activities [9].