[Refining the situation of illegal shareholding, the China Securities Association plans to issue a professional code of conduct for sponsor representatives] October 9th, reporters learned today that the China Securities Association has organized the drafting of the "Code of Professional Conduct for Sponsor Representatives (Draft for Comments)" and is soliciting opinions from the industry. The "Draft of Opinions" clearly states the basic practice requirements for recommended representatives, and it is strictly prohibited to use the output results of artificial intelligence auxiliary tools to replace professional judgment, and it is strictly prohibited to "just sign without guarantee". The "Opinion Draft" clearly integrates the requirements of integrity throughout all business links such as project contracting, underwriting, issuance and underwriting, and continuous supervision. It improves the specific conditions for prohibiting the transmission of improper benefits and the pursuit of improper benefits, details the situations of illegal shareholding, clearly prohibits illegal shareholding in the entire process of recommendation business, covers pre-investment before project establishment, retroactive interest arrangements after project termination, and other hidden violations, and improves the avoidance of conflicts of interest and reporting obligations. (Securities Times)