2025 marks the 30th Anniversary of the establishment of China’s prior reporting mechanism for foreign-related arbitration, presenting an opportune moment to revisit its evolution and discuss future reforms.

China’s Prior Reporting Mechanism was established 30 years ago and successfully balances arbitration with party autonomy and judicial supervision in the country.

According to a media report, Interactive Brokers - the world’s largest internet-based securities broker headquartered in the United States - has raised the requirements for online account opening for residents of mainland China, following other overseas securities brokers such as Futu, Tiger and Longbridge. Mainland Chinese applying for an account at IBKR are now required to provide proof of overseas employment or residency.