The government is expected to enact a revised securities law in the second half of 2014, the China Securities Journal reported Wednesday, citing an unnamed person with knowledge of the matter. A new legislation on futures trading is also likely to be passed in a bid to enhance the competitiveness of the domestic futures market, according to the newspaper. The proposed securities legislation will cover share issuance and listing, corporate merger and restructuring, and investor protection. A registration system for new share sales will be introduced, the report said. The financial and economic committee of the National People’s Congress views current securities rules as inadequate to serve the changing market realities, the source was quoted as saying.
– Contact HKEJ [email protected]