BUSINESS China securities regulator stresses high-quality development of capital market

BUSINESS

China securities regulator stresses high-quality development of capital market

Xinhua

20:13, November 28, 2019

BEIJING, Nov. 28 (Xinhua) -- China will improve financial supervision in order to achieve high-quality development of the capital market, said Yi Huiman, chairman of the China Securities Regulatory Commission (CSRC), in a signed article.

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File photo: VCG

The country vowed to conduct supervision in an effective and scientific way, better serve the real economy while protecting investors' rights, and build a transparent, open, dynamic and resilient capital market.

Yi said the country will implement the registration system with more focus on a company's information disclosure, perfect supervision of listed companies, and boost openness and transparency of supervision policies in key fields.

"We should give full play to the decisive role of the market in allocating resources and properly handle the relationship between the government and the market," said Yi.

The CSRC also plans to actively promote the revision of the Securities Law, strengthen inspection and law enforcement, and significantly increase fines for those who violate laws and regulations.

Besides, the country will enhance financial supervision in the campaign against major financial risks and hold to the bottom line that no systemic financial risks should occur, Yi said.

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