20 February 2019

Investor interests key to revised Securities Law, paper says

The protection of investors’ interests should be at the core of revisions to the Securities Law, the Shanghai Securities News reported Friday, citing China Securities Regulatory Commission chairman Xiao Gang {肖鋼}. The revised law will focus more on systems to keep market players in check rather than on regulators, Xiao said. China will also examine options for setting up a public interest litigation system to compensate investors for losses caused by listed firms violating the Securities Law, and a mandatory share repurchase system for investors harmed by irregularities. The commission will overhaul the civil compensation system for infringements by listed companies, it said.

– Contact HKEJ at [email protected]


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