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CSRC tells bourses to nurture innovation

CSRC tells bourses to nurture innovation By SHI JING in Shanghai | China Daily | Updated: 2020-12-30 09:06 Share The A-share market. [Photo/Sipa] China s capital market should step up reforms to better support scientific and technological innovation for high-quality development and improve the quality of its listed companies to better serve the real economy, experts said. Speaking at a symposium on the 30th anniversary of the establishment of China s capital market on Monday, Yi Huiman, chairman of the China Securities Regulatory Commission, said that the weighing of direct financing should be further increased while the mechanisms for the different boards of the A-share market should be perfected.

China s Securities Regulator Aims to Channel People s Savings Into Public Funds

China’s Securities Regulator Aims to Channel People’s Savings Into Public Funds The China Securities Regulatory Commission (CSRC) convened on Dec. 22 to address the challenges of the capital market for the year 2021. The authorities emphasized the importance of investing in public funds to spur economic growth and urged financial institutions to increase public equity funds by transforming household savings into investments. Chinese state media Securities Daily stated that the citizens’ household savings will be one of the most important factors underpinning China’s capital market, and that citizens should be enticed by “gains” to enter the market. However, some financial experts have raised doubts about the CSRC’s plans.

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