17 February 2020

CSRC chief sets tasks to improve market system, paper says

China Securities Regulatory Commission chairman Xiao Gang {肖鋼} is proposing four measures to improve the capital market system. These are faster development of the stock market, developing and regulating the bond market, expanding the futures and derivatives market and encouraging the development of private equity funds and venture capital. Xiao made the comments in an article in Tsinghua Financial Review after Premier Li Keqiang told the National People’s Congress on Wednesday that development of a multi-layer capital market should be speeded up.

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