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The main building of the China Securities Regulatory Commission (CSRC), Beijing, China. /CFP
China's top securities regulator on Tuesday vowed to continue deepening the reform and opening-up of its capital markets as it mapped out priorities for the supervision of the industry in the second half of the year.
The China Securities Regulatory Commission (CSRC) said this after holding its mid-year work meeting from Monday to Tuesday. This also comes after the Politburo, a top decision-making body of the Chinese Communist Party, pledged to step up policy support for the country's economy.
In a statement released after its symposium, the CSRC said that it will promote the healthy and sustainable development of platform enterprises and maintain stable financing channels for real estate enterprises in capital markets.
Efforts will also be made to carry out initial public offering (IPO) and refinancing activities in a regular, scientific, and appropriate manner, and create a balance between the primary market and the secondary market, said the CSRC.
More targeted services will be provided for major national strategies and the functions of the futures market will be enhanced, it added.
These measures are aimed at supporting the growth of the Chinese economy and ensuring the stability of its financial system, and more measures will be taken to further deepen the reform and opening-up of the capital markets, said the commission.
(With input from Xinhua, Reuters)
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Disinformation report hotline: 010-85061466