Date
23 April 2018

CSRC chief calls for better investor protection, paper says

China Securities Regulatory Commission chairman Xiao Gang {肖鋼} is calling for increased investor protection, saying the capital market is biased toward bigger companies, the official People’s Daily reported Wednesday. There are nearly 90 million medium and small investors in the Shanghai and Shenzhen stock markets. Companies capitalized at under 500,000 yuan (US$81,994) make up 60 percent of stock transactions, the report said. From 2001 to 2011, cash dividends from Chinese listed companies accounted for 25.3 percent of their net profit compared with 40 percent for mature markets overseas, Xiao was quoted as saying.

– Contact HKEJ at [email protected]

EL/AC/RA

 

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