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Copyright © 2024 CGTN. 京ICP备20000184号
Disinformation report hotline: 010-85061466
China's State Council Information Office holds a press conference where China Securities Regulatory Commission briefs reporters on policies for strict regulation, risk prevention and high-quality development of the capital market, Beijing, China, March 15, 2024. /CFP
China's top securities regulator released four policy documents at a briefing on Friday aimed at further strengthening market supervision, bolstering the integrity of listed entities and protecting the interests of investors.
The newly issued directives encompass a broad spectrum of regulatory enhancements. These include stringent procedures for initial public offerings (IPOs) and stock issuances, increased scrutiny over the activities of publicly traded companies, and the fortification of the professional standards within securities and mutual fund firms, according to the China Securities Regulatory Commission (CSRC).
The guidelines also underscore a zero-tolerance policy toward any forms of misconduct and corruption within the ranks of CSRC officials, highlighting the regulator's commitment to maintaining a clean and transparent governance framework.
CSRC Vice Chairman Li Chao emphasized that the development and implementation of these measures resonate with the commission's overarching goals of amplifying regulatory efficacy, mitigating financial risks and fostering an environment conducive to high-quality market growth.