Date
24 October 2017

CSRC eyes securities dispute mediation, paper says

China is working on a trial scheme to help resolve securities disputes and lower the cost of mediation, Shanghai Securities News reported Thursday, citing Xiao Gang {肖鋼}, the country’s top securities regulator. The proposed measure will help strengthen investor protection and cut the cost of resolving securities disputes, Xiao was quoted as saying. From 2006 to 2012, the China Securities and Regulatory Commission handled 122 cases of false claims against 46 listed companies. About 67 million yuan (US$11.03 million) of 384 million yuan in claims was awarded to compensate investors, the report said. However, investors have failed to win any claims against listed companies over insider trading or market manipulation, the report said.

– Contact HKEJ at [email protected]

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