Wu Qing, Chairman of the China Securities Regulatory Commission, answers a question at a press conference during the second session of the 14th National People’s Congress (NPC) in Beijing on March 6, 2024. (Photo by WANG Zhao / AFP) (Photo by WANG ZHAO/AFP via Getty Images)Wang Zhao | Afp | Getty ImagesBEIJING — China’s top securities regulator vowed to “strictly” crack down on market manipulators, while stating that protecting small investors was a “core task.”Ensuring fairness, especially in a market dominated by smaller investors, is the regulator’s core task, said Wu Qing, chairman of the China Securities Regulatory Commission, on Wednesday at a joint press conference alongside the country’s other top economic and financial planners.Wu outlined measures deemed necessary to improve the quality of listed companies and increase returns on investment. They include: encouraging listed companies to improve stability, timeliness and predictability of dividend payouts, stricter delisting rules, and expanding inspections of listed companies.He said that openness, fairness and justice should be the most important principles in the capital market.”China’s market is the second largest in the world, but it’s not as strong,” Wu said, adding the recent market volatility exposed deep-seated issues.He said investors need to be better protected, so they can have confidence and trust. It would also attract longer term investors, he added.At the same press conference, Pan Gongsheng, governor of the People’s Bank of China, also pledged support for overseas listings for high-quality Chinese companies.Struggling marketsFollowing recent extreme market volatility, Beijing has stepped up measures to support its beleaguered stock markets in the last few weeks.These include tightening regulatory restrictions on its rapidly booming quant trading …
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[mwai_chat context=”Let’s have a discussion about this article:nnWu Qing, Chairman of the China Securities Regulatory Commission, answers a question at a press conference during the second session of the 14th National People’s Congress (NPC) in Beijing on March 6, 2024. (Photo by WANG Zhao / AFP) (Photo by WANG ZHAO/AFP via Getty Images)Wang Zhao | Afp | Getty ImagesBEIJING — China’s top securities regulator vowed to “strictly” crack down on market manipulators, while stating that protecting small investors was a “core task.”Ensuring fairness, especially in a market dominated by smaller investors, is the regulator’s core task, said Wu Qing, chairman of the China Securities Regulatory Commission, on Wednesday at a joint press conference alongside the country’s other top economic and financial planners.Wu outlined measures deemed necessary to improve the quality of listed companies and increase returns on investment. They include: encouraging listed companies to improve stability, timeliness and predictability of dividend payouts, stricter delisting rules, and expanding inspections of listed companies.He said that openness, fairness and justice should be the most important principles in the capital market.”China’s market is the second largest in the world, but it’s not as strong,” Wu said, adding the recent market volatility exposed deep-seated issues.He said investors need to be better protected, so they can have confidence and trust. It would also attract longer term investors, he added.At the same press conference, Pan Gongsheng, governor of the People’s Bank of China, also pledged support for overseas listings for high-quality Chinese companies.Struggling marketsFollowing recent extreme market volatility, Beijing has stepped up measures to support its beleaguered stock markets in the last few weeks.These include tightening regulatory restrictions on its rapidly booming quant trading …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
