China’s securities regulator vows tougher oversight to shore up stock-market confidence
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China's securities regulator (CSRC), led by Chairman Wu Qing, announced plans to strengthen oversight of the country's capital markets. The initiative, revealed during China's "two sessions" policy meetings, aims to bolster investor confidence by improving corporate governance, increasing investor returns through dividends and buy-backs, and fostering globally competitive companies. The CSRC intends to refine incentive mechanisms for listed companies and invigorate the mergers-and-acquisitions market. Regulators will also crack down on fraudulent listings and speculative trading, while monitoring risks from external shocks and cross-asset markets. The CSRC believes these measures will consolidate the upward momentum seen in China's stock market.
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Key Claims (5)
AI-ExtractedThe CSRC would continue to crack down on fraudulent listings and speculative trading practices.
Authorities would work to invigorate China’s mergers-and-acquisitions market.
The regulator would refine incentive and restraint mechanisms for listed companies.
China’s top securities regulator outlined a plan to strengthen corporate governance and boost investor returns.
The upward momentum on China’s stock market is consolidating.
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