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CSRC’s new chief Wu Qing has sought to improve corporate governance and close deep valuation discounts in a bid to revive investors’ faith in China’s US$9 trillion stock market and these bold moves have met with some early success. ....
A document published by the nation’s cabinet on Friday promises to promote the ‘high-quality’ development of China’s capital market by strengthening supervision and guarding against risks. ....
(Bloomberg) China’s securities regulator said it will take heed of all suggestions, even criticism, from market participants and address their concerns promptly, a rare gesture that underlines its resolve to shore up the nation’s $8.6 trillion stock market. Most Read from BloombergLargest Covid Vaccine Study Yet Finds Links to Health ConditionsCapital One to Buy Discover Financial in $35 Billion DealAmazon Deserves to Be Called Out for Swindling UsersWall Street’s Moelis Bet Big on the Middle ....
China's securities watchdog said it held a series of seminars on Sunday and Monday with market participants who proposed tighter scrutiny of company listings and trading behaviour as part of efforts to revive market confidence. The meetings were led by the watchdog's newly-installed chairman Wu Qing and held immediately after the week-long Lunar New Year holiday, reflecting the urgency to stabilize a market that dropped to five-year lows early this month. Participants, including small investors, listed companies, money managers and accounting firms, said regulators should tighten screws on initial public offerings and weed out listed companies that do not qualify. ....