Date
20 November 2017

CSRC urges listed firms to enhance self-discipline, paper says

Xiao Gang {肖鋼}, chairman of the China Securities Regulatory Commission, has called on listed companies to enhance self-discipline as the market watchdog shifted its focus to post-listing supervision from listing approvals, the Shanghai Securities News reported Monday. The China Listed Company Association should play an important role in improving the quality of listed firms, Xiao said. In a bid to encourage companies to take the initiative in improving their management, the CSRC may consider delegating some its powers to the association at an appropriate time and in accordance with the law, the report said, adding that such a move will boost the role of the market in the economy.

– Contact HKEJ at [email protected]

KZ/AC/CG

 

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