FINANCE

China Raises Whistleblower Rewards for Securities Violations to 1 Million Yuan

Published: Jan. 12, 2026 6:40 p.m. GMT+8

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China has raised the maximum cash reward for reporting securities and futures violations to 1 million yuan ($143,320), as regulators seek to strengthen enforcement by encouraging whistleblowers to come forward.

The revised rules, jointly issued by the China Securities Regulatory Commission (CSRC) and the Ministry of Finance, expand incentives for individuals or entities that voluntarily provide clues and evidence of illegal activities in the securities and futures markets.

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China increased the maximum cash reward for whistleblowers reporting securities and futures violations to 1 million yuan ($143,320).
Whistleblowers can now receive 3% of fines and confiscated gains; eligibility requires real-name identification and verifiable facts.
The new reward cap is higher than before but remains lower than U.S. payouts, which have reached up to $50 million per case.

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What Happened When

2014：: China began steadily expanding its whistleblower program.

2020：: The U.S. Securities and Exchange Commission issued a $50 million payment to a single whistleblower.

2021：: The U.S. Securities and Exchange Commission issued more than $31 million to four individuals.

2026：: China raised the maximum cash reward for reporting securities and futures violations to 1 million yuan.

2026：: The revised whistleblower reward rules were jointly issued by the China Securities Regulatory Commission (CSRC) and the Ministry of Finance.

AI generated, for reference only