China to strengthen capital market regulation, risk prevention
BEIJING, April 12 (Xinhua) -- China's State Council has released a guideline on strengthening regulation, forestalling risks and promoting the high-quality development of the capital market.
This is the third guideline document on the capital market from the State Council in two decades. The first two were issued in 2004 and 2014, respectively.
The country should build a secure, regulated, transparent, open, dynamic and resilient capital market, the guideline noted.
In this regard, efforts should focus on strengthening regulation, preventing risks and pushing forward high-quality development to fully harness the functions and roles of the capital market, promote the building of a country with a strong financial sector and serve the goal of advancing Chinese modernization.
The guideline demanded strict regulation on the entry into the capital market through securities issuance and listing, as well as rigorous sustained oversight on listed firms.
It also urged intensifying regulation on delisting as well as on institutions like securities and fund management companies.
Efforts should be made to tighten supervision over high-frequency trading and other types of trading, enhance the reserves of strategic forces and further develop stabilizing mechanisms, the guideline said.
It added that the impacts of both major economic and non-economic policies on the capital market will be factored into policy orientation consistency evaluation as part of efforts to enhance the intrinsic stability of the capital market.
China will vigorously guide the entry of medium and long-term capital into the market, comprehensively deepen reform and opening up, and strengthen the rule of law in the capital market, the guideline said. ■
Related articles
Revealed: Brit tourist, 19, subjected to sex attack in Majorca 'was gang
A 19-year-old British tourist who was subjected to a horrific sex attack in Majorca 'was gang-raped2024-05-21Demi Moore stuns at 61! Charlie's Angels star flutters down red carpet in butterfly
Demi Moore made a bold statement as she wowed in a sculpted and dramatic ensemble while attending th2024-05-21Taylor Swift devastates fans after missing Met Gala for eighth year in a row
Fans hoping to see Taylor Swift attend the Met Gala this year were left disappointed after the pop s2024-05-21Ukrainians grapple with grit and grief as war with Russia enters new phase
KYIV, Ukraine (AP) — Paintbrush in hand, Anastasiya Sereda is working on a painting of a chubby-face2024-05-21NBA playoffs: Edwards leads Wolves to 98
DENVER (AP) — Anthony Edwards overcame a slow start and the Timberwolves roared back from a 20-point2024-05-21Rihanna is a no show at 2024 Met Gala despite teasing an outfit to fans
While Rihanna was one of the most anticipated stars at Monday's Met Gala at The Metropolitan Museum2024-05-21
atest comment