Date
19 October 2017

CSRC official urges more direct financing, paper says

Yao Gang {姚剛}, deputy chairman of the China Securities Regulatory Commission (CSRC), has called for enhancing the proportion of direct financing in overall financing activities, saying that it is an important step in financial system reform, China Business News reported Tuesday. At a forum in Shanghai on Monday, Yao was also quoted as saying that the government should lend more support for development of the New Third Board — a national over-the-counter market launched earlier this year — and the regional equity exchanges. In other comments, he urged more financing services for small businesses and encouraging public entities to create innovative financing tools.

– Contact HKEJ at [email protected]

MY/AC/RC

 

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