The Zhitong Finance App learned that on October 19, the China Securities Regulatory Commission publicly solicited comments on the “Guiding Opinions on Advance Payment in the Securities Market”. The deadline for feedback is November 18, 2026. The “Guiding Opinions” consist of 21 articles, which mainly include five aspects. Among them, the implementation of advance payment is clearly supported and encouraged. First, on the basis that the “Securities Law” stipulates that advance payers have the right to recover, it is further clarified that advance payers can obtain advance payment information from the insured fund company after making advance payments due to recovery needs (Section 15). The second is to make it clear that the China Securities Regulatory Commission may, in accordance with law and regulations, use the circumstances relating to advance payment as a consideration factor in administrative license review, administrative penalty discretion, and honest supervision and management of the securities and futures market (Article 18).

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