Date
22 November 2017

CSRC chief urges stronger investor protection, Xinhua says

China’s chief securities regulator wants listed firms to be accountable to small investors, the official Xinhua news agency reported Monday. At the same time, investors should be responsible for their own investment decisions, Xiao Gang {肖鋼}, chairman of the China Securities Regulatory Commission (CSRC), was quoted as saying. Investor protection is not a guarantee that investors will not lose money but it should provide them equal rights and privileges, he said. The CSRC is planning measures along these lines, including online voting, a cumulative voting system and the right to propose the dismissal of a director, the report said. 

– Contact HKEJ at [email protected]

TL/AC/RA

 

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