On July 9th, the China Securities Association organized the drafting of the "exposure draft" (hereinafter referred to as the "exposure draft"), and recently solicited the opinions of securities firms. It is understood that the main text of the "exposure draft" consists of six chapters and 25 articles, mainly including interpretation, procedural trading report, trading behavior management, high-frequency trading management, breach of contract liability, supplementary provisions, etc., to stipulat...