Shanghai Stock Exchange Revises Board Secretary Rules, Sets Transition to End-2027

The significance here is governance plumbing, not market drama: the SSE is standardizing what a board secretary is and can simultaneously be, with a long runway that lets companies adjust without disrupting disclosure workflows. The direct audience is main-board issuers and their compliance and legal teams, particularly those whose secretaries hold overlapping posts. The open question is whether the transition period ends with genuine role separation or with last-minute reshuffles, and how disclosure quality holds up as appointments change.