Core Points - China Securities Depository and Clearing Corporation has issued an urgent document requiring brokerages to report the signing status of risk disclosure statements for the Sci-Tech Innovation Board's growth tier [1] - The notice aims to implement the guidelines for enhancing the adaptability of the Sci-Tech Innovation Board and its growth tier, supporting appropriate investor management [1] - Starting from September 22, 2025, brokerages must categorize accounts of ordinary investors who have signed the risk disclosure as type C, while those who have not signed will be categorized as type K [1] - Existing investors' accounts will be uniformly categorized as type K after the end of trading on September 19, 2025 [1] Regulatory Framework - The Shanghai Stock Exchange has established mandatory clauses for the risk disclosure statement for stocks in the growth tier, effective from July 13 [2] - Brokerages are required to inform ordinary investors of the risks associated with new registered growth tier stocks before they can participate in trading [2] - Investors must sign the risk disclosure statement in paper or electronic form; brokerages cannot accept orders from those who have not signed [2] Investor Education - Brokerages are expected to provide comprehensive risk warnings and investor education through various channels, including SMS, phone calls, and trading software notifications [2] - Several brokerages have already integrated features in their apps to facilitate the opening of trading permissions for the growth tier, allowing investors to sign the risk disclosure statement online [2] - Investment advisors are actively reminding clients with Sci-Tech Innovation Board permissions to sign new agreements to trade growth tier stocks [2]