25 February 2020

CSRC to go easy with switch to registration system, paper says

China Securities Regulatory Commission (CSRC) chairman Xiao Gang {肖鋼} said the regulator will take a step-by-step approach to a registration-based share offering system and and see if a balance between supply and demand can be achieved, China Securities Journal reported Friday. The switch from an approval-based process is intended to let demand and supply determine how the market develops, the report said. Earlier, Hong Kong Exchanges and Clearing Ltd. chief executive Charles Li said the mainland market has more retail investors than its US or Hong Kong counterpart and the proportion of institutional investors is relatively smaller. 

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