Core Viewpoint - The article discusses the implementation of the "Guidelines for Compliance of Charging Behavior on Online Trading Platforms," which aims to regulate the fees charged by online platforms to their operators, ensuring fair practices and reducing the financial burden on operators [5]. Summary by Sections Section 1: Introduction to the Guidelines - The guidelines were established to standardize and guide the charging behavior of online trading platforms, protecting the legitimate rights of operators and promoting sustainable development of the platform economy [5]. Section 2: Principles of Charging - Platforms must adhere to principles of fairness, legality, and good faith when setting fees, considering the operational conditions of the operators [6]. - Platforms are encouraged to adopt flexible pricing strategies to reduce the burden on operators and support their development [7]. Section 3: Compliance Management - Platforms are required to establish compliance management responsibilities, including the creation of compliance organizations and the appointment of compliance personnel [6][7]. - A risk identification and assessment mechanism for unreasonable charging behaviors must be established [8]. Section 4: Public Disclosure Obligations - Platforms must publicly disclose their charging rules and service agreements prominently on their homepage [3][9]. - Any modifications to charging rules must be publicly consulted, with a minimum consultation period of seven days [9]. Section 5: Prohibited Practices - Platforms are prohibited from charging operators multiple times for the same service, charging without providing services, or imposing fees for basic operational data [3][9]. - Price discrimination against operators with similar transaction conditions is also forbidden [3]. Section 6: Support for Small Operators - Platforms are encouraged to provide preferential treatment and fee reductions for small and medium-sized enterprises to support their survival and growth [7]. Section 7: Handling of Fees and Guarantees - Platforms must carefully assess the necessity of collecting security deposits from operators and ensure that any fees charged are reasonable and transparent [9][10].

Core Viewpoint - The article discusses the implementation of the "Guidelines for Compliance of Charging Behavior of Online Trading Platforms," which aims to regulate the fees charged by online platforms to their operators, ensuring fairness and transparency in the platform economy [1][4]. Summary by Sections Guidelines Overview - The guidelines advocate for reducing the burden on platform operators and emphasize the importance of compliance and self-regulation by platforms [1][2]. - Platforms are required to establish compliance management responsibilities and internal systems to manage and assess risks related to unreasonable charging behaviors [1][9]. Charging Principles - Platforms must not charge operators multiple times for the same service, nor can they impose fees without providing corresponding services [2][38]. - The guidelines prohibit platforms from transferring costs that should be borne by them to the operators and from charging for basic operational data [2][38]. Compliance Management - Platforms are encouraged to create a compliance culture, including training and risk assessment mechanisms to identify and mitigate unreasonable charging risks [9][15]. - The guidelines require platforms to maintain a clear and accessible record of their charging rules and any changes made to them [16][17]. Fee Transparency - Platforms must publicly disclose their charging standards and rules prominently on their homepage, ensuring operators can easily access and understand this information [16][19]. - Any modifications to charging rules must be communicated transparently, allowing operators to provide feedback before changes take effect [15][21]. Support for Operators - The guidelines encourage platforms to offer discounts and support to small and medium-sized businesses, especially during crises such as natural disasters or public health emergencies [8][9]. - Platforms are urged to adopt flexible pricing strategies that consider the operational conditions of their operators [7][8]. Risk Management - Platforms should implement a mechanism to evaluate the necessity of charging deposits and ensure that any such charges are reasonable and transparent [22][25]. - The guidelines promote the use of data technology to monitor and analyze risks associated with unreasonable charging practices [13][30]. Regulatory Compliance - Platforms are required to comply with existing laws and regulations, ensuring that their charging practices do not violate legal standards [26][30]. - The guidelines encourage industry associations to foster self-regulation and communication between platforms and operators to protect the rights of operators, particularly small businesses [31].

Core Viewpoint - The "Guidelines for Compliance of Charging Behavior of Online Trading Platforms" issued by the State Administration for Market Regulation aim to standardize the charging behavior of online trading platforms towards operators, ensuring fair practices and protecting the rights of operators [3][4]. Summary by Sections Charging Principles - The guidelines emphasize the need for platforms to lower the burden on operators, enhance self-discipline, and standardize charging behaviors [1][2]. - Platforms are required to establish compliance management responsibilities and internalize regulatory systems into compliance protocols [1][6]. Charging Rules and Obligations - Platforms must publicly disclose their charging rules prominently on their homepage, including service agreements and transaction rules [1][14]. - Any modifications to charging rules must be publicly consulted, with a minimum consultation period of 7 days [8][10]. Prohibited Charging Practices - The guidelines prohibit platforms from charging operators multiple times, charging without providing services, or transferring costs that should be borne by the platform [2][12]. - Price discrimination against operators with the same transaction conditions is also forbidden [12]. Encouragement of Fair Practices - Platforms are encouraged to adopt flexible pricing strategies that benefit operators, especially small and medium-sized businesses [5][6]. - In cases of natural disasters or public health emergencies, platforms are urged to reduce fees or provide support [5]. Compliance Management - Platforms must enhance their internal compliance management systems and ensure that compliance personnel are well-versed in charging regulations [6][7]. - A risk assessment mechanism for unreasonable charging practices should be established to identify and mitigate compliance risks [6][9]. Reporting and Transparency - Platforms should create a mechanism for reporting compliance issues and ensure that operators can easily access and understand charging details [7][14]. - Historical versions of charging rules must be retained for three years to ensure transparency [8][10]. Consumer Protection and Guarantee Fees - Platforms must carefully assess the necessity of charging guarantee fees and ensure that such fees are reasonable and transparent [10][12]. - Any changes to previously free services must be communicated clearly and require public consultation [10]. Industry Cooperation - The guidelines encourage industry associations to promote self-regulation and establish communication mechanisms with platforms to protect the rights of operators [13][26].

Core Viewpoint - The Market Regulation Administration has drafted the "Compliance Guidelines for Charging Behavior of Online Trading Platforms" to standardize the fees charged by platforms to their operators, aiming to protect their rights and promote healthy development of the platform economy [1][4]. Summary by Relevant Sections Principles of Charging - The guidelines emphasize that platforms must adhere to specific principles when setting fees, including the need for reasonable fee standards and transparent charging rules [4]. Reducing Burden on Operators - The guidelines advocate for lowering the financial burden on platform operators, ensuring that platforms fulfill commitments regarding fee reductions or exemptions [4][5]. Strengthening Compliance and Self-Regulation - Platforms are required to establish compliance management responsibilities and integrate charging compliance into their internal compliance systems, risk control, and training [4]. Standardizing Charging Behavior - The guidelines specify eight types of unreasonable charging behaviors, such as double charging, charging without providing services, and transferring costs that should be borne by the platform itself [4][5]. Enhancing Supervision and Implementation - The guidelines include provisions for the public disclosure of charging rules, the necessity for platforms to solicit public opinions when modifying rules, and the requirement to maintain historical versions of charging rules [4].

Market Overview - On May 23, 2025, A-shares saw a collective decline with the Shanghai Composite Index closing at 3348.37 points, the Shenzhen Component Index at 10132.41 points, and the ChiNext Index at 2021.50 points. A total of 1107 stocks rose while 4204 stocks fell, with a total trading volume of 11555.89 billion yuan [1] - Hong Kong stocks showed mixed results on the same day, with the Hang Seng Index rising by 0.24% to 23601.26 points and a total trading volume of 2036.71 billion HKD. The Hang Seng Index increased by 1.1% over the week, while the Hang Seng Tech Index fell by 0.65% [1] - US stocks experienced fluctuations with the S&P 500 Index down by 0.67% to 5802.82 points, the Nasdaq Composite Index down by 1% to 18737.21 points, and the Dow Jones Industrial Average down by 0.61% to 41603.07 points. For the week, the S&P 500 Index fell by 2.61% [1] New Stock Offerings - On May 26, 2025, there was one new stock available for subscription, with no new stocks listed [2] - The new stock, Youyou Green Energy, has a subscription code of 301590 and an issue price of 89.6 yuan per share, with a price-to-earnings ratio of 15.37. The company specializes in EV full-scene direct current fast charging solutions and core charging components [4] Regulatory Developments - The Financial Regulatory Bureau is drafting a new regulation aimed at achieving "three clears" for asset management products of banks and insurance institutions. The draft includes comprehensive norms for the entire lifecycle of asset management products, focusing on information disclosure [5][6] - The draft regulation emphasizes clear product descriptions, accurate performance reporting, and transparent fee disclosures at various stages of the product lifecycle [6] - The State Administration for Market Regulation is seeking public opinion on a guideline to standardize the charging behaviors of online trading platforms, ensuring fair practices and protecting the rights of platform operators [6] Financial Information Management - The National Internet Information Office is actively addressing online financial information irregularities, resulting in the closure of several accounts that disseminated false information or engaged in illegal stock recommendations [7]