Date
17 November 2017

CSRC chief stresses role of market forces in reforms, Sina says

China Securities Regulatory Commission (CSRC) chairman Xiao Gang {肖鋼} said market forces, rather than authoritative rule or straightforward administrative measures, should be the answer to resolve the problems facing China’s securities market, news portal Sina.com reported Tuesday. Xiao reiterated that it is only natural that there are problems and hiccups during the process of marketization, the report said. The CSRC will focus on rolling out reforms, he said, and stressed that resumption of IPO approvals was an informed decision by the watchdog, and not an order from the central leaders or other parties. 

– Contact HKEJ at [email protected]

EL/AC/RC

 

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