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
Not so Cool Britannia! Noel Gallagher gives damning verdict on Keir Starmer
Noel Gallagher has insisted he would still back Tony Blair for PM - as he warned Keir Starmer not to2024-05-21Ahead of United Methodist gathering, African churches weigh their future
The United Methodist Church lost one-fourth of its U.S. churches in a recent schism, with conservati2024-05-21Intelligent seedling breeding base enhances spring farming efficiency in Chongqing
(Xinhua) 08:13, March 14, 2024A worker checks the growth of seedlings at an intelligent seedling bre2024-05-21Chinese carriers allowed to operate more flights to US
By Wang Qingyun (China Daily) 08:01, February 28, 2024The number of passenger flights allowed to be2024-05-21Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership
NEW YORK (AP) — Saudi Arabia’s move into tennis will now include a multiyear deal to sponsor the WTA2024-05-21Xiangjiang New Area of China's Hunan actively cultivates new quality productive forces
By Sun Chao, Du Yifei (People's Daily) 10:59, March 22, 2024Xi Jinping, general secretary of the Com2024-05-21
atest comment