BEIJING, May 17 -- China's stock regulator is telling brokers to seek its opinions over operations and risk controls before filing applications for initial public offerings in a bid to shore up its corporate governance.

    Brokerages must report financial conditions and internal control measures to the watchdog, which will decide whether they are qualified for IPO applications, the China Securities Regulatory Commission said late on Thursday.

    Stock houses also should report whether their senior executives have been punished by the CSRC for any financial wrongdoing in the past 36 months, according to the regulator.

    The stock regulator's opinions will be part of the brokers' documents when they are presented for the final IPO approval, the statement said.

    "Apparently, the CSRC wants to ensure the quality o...

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