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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.

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