China Securities Regulatory Commission opens whistleblower reward claims for 17 cases
On September 18, the China Securities Regulatory Commission (CSRC) began processing reward claims for whistleblowers who provided leads in 17 cases, including illegal information disclosure, insider trading, and intermediary negligence. This is the first collective reward fulfillment since new whistleblower regulations took effect on December 30, 2025. Whistleblowers must register from September 18 to December 18, 2026, on the official website. The CSRC will protect whistleblower identities and provide anti-retaliation measures.
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China Securities Regulator Rewards 17 Whistleblowers to Boost Market Oversight
On September 18, the China Securities Regulatory Commission (CSRC) announced it will reward whistleblowers who provided leads in 17 cases involving typical capital market violations such as illegal information disclosure, insider trading, and intermediary negligence. This marks the first collective reward fulfillment since the new whistleblower regulations took effect on December 30, 2025, signaling the system's transition from paper to practice. The new rules raise the reward ratio to 3% of confiscated fines and illegal gains, with maximum rewards of up to RMB 1 million for major cases. The article emphasizes that beyond monetary incentives, the system provides strict identity protection and anti-retaliation measures to encourage insiders to report misconduct. It notes that such violations are often highly concealed and difficult for external investors to detect, making whistleblowers crucial for reducing investigation costs and shortening case-handling periods. The analysis presents this as part of a broader governance approach of market co-governance, aiming to build a diversified supervisory system for the capital market's high-quality development.
China Securities Regulator Plans to Reward Whistleblowers in 17 Cases
The China Securities Regulatory Commission (CSRC) plans to grant rewards to whistleblowers who provide case leads, citing the Securities Law and other regulations. The China Securities Investor Protection Fund Corporation Limited will assist with registration for reward claims. From September 18, 2026, to December 18, 2026, whistleblowers involved in 17 specific cases may register on the official website's 'Whistleblower Rewards' section. Failure to register within the deadline will be deemed a waiver of the reward. According to the Provisions on Whistleblower Rewards for Illegal Activities in the Securities and Futures Sector, anonymous whistleblowers claiming rewards must supplement their applications with real-name information and supporting documentation. Whistleblowers who are insiders must provide corresponding identity verification materials; if they cannot prove insider status, they will be treated as general whistleblowers for reward purposes. The CSRC stated it will strictly protect whistleblower information in accordance with the law.
Read sourceChina Securities Regulatory Commission Opens Whistleblower Reward Claims for 17 Cases
On September 18, the China Securities Investor Protection Fund Corporation Limited, assisting the China Securities Regulatory Commission (CSRC), began processing registration procedures for whistleblower reward claims. From September 18, 2026, to December 18, 2026, whistleblowers who provided leads on 17 specific cases, including the information disclosure violations case involving Shenzhen ZQGame Interactive Network Co., Ltd. and individuals Li Ruijie and Zhang Yunxia (Shenzhen Securities Regulatory Bureau Administrative Penalty Decision [2025] No. 1), may log in to the 'Whistleblower Reward' section on the official website of the China Securities Investor Protection Fund Corporation Limited to complete their reward claim registrations. The CSRC stated that failure to register and confirm as required within the specified period will be deemed a waiver of the reward.
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China Securities Regulator Rewards 17 Whistleblowers to Boost Market Oversight
On September 18, the China Securities Regulatory Commission (CSRC) announced it will lawfully reward whistleblowers who provided leads in 17 cases, marking the first collective fulfillment of reward commitments since the Provisions on Reward Work for Whistleblowers Reporting Illegal Activities in Securities and Futures took effect on December 30, 2025. The reported violations include illegal information disclosure, insider trading, intermediary negligence, and private equity fund non-compliance. The new regulations raise the reward ratio to 3% of confiscated illegal gains and fines, with ordinary major leads eligible for up to 500,000 yuan and a maximum of 1 million yuan for nationally impactful cases or internal whistleblowers. The article emphasizes that beyond monetary rewards, strict identity protection and anti-retaliation measures are critical. It notes that the system aims to turn insiders into market 'lookouts' and build a diversified collaborative supervision framework, though persistent efforts are needed to address practical bottlenecks like identity exposure and retaliation remedies.
Read sourceChina Securities Regulatory Commission to Reward Whistleblowers in 17 Cases
The China Securities Regulatory Commission (CSRC) announced its intention to reward whistleblowers who provide case leads, in accordance with the Securities Law and other regulations. The China Investor Protection Fund Corporation Limited is assisting with registration procedures. From September 18, 2026, to December 18, 2026, whistleblowers involved in 17 specific cases may register for reward applications on the official website. Failure to register within the deadline will be deemed a waiver. According to the Provisions on Whistleblower Rewards, anonymous whistleblowers must supplement their applications with real-name information and proof of whistleblower status. Insiders must provide identity verification materials; otherwise, they will be treated as general whistleblowers. The CSRC stated it will strictly protect whistleblower information in accordance with the law.
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