CSRC releases draft rules for stock markets

Source:Reuters-Global Times Published: 2017/9/3 22:13:39

China's securities regulator has published draft rules designed to give stock exchanges more power in regulating the market, media reports said Saturday.

The China Securities Regulatory Commission (CSRC) released for public comment a revision to an existing policy on the management of stock exchanges, the Shanghai Securities News and Securities Times reported.

The draft rules include provisions to encourage better supervision by the exchanges of activity and trading in the markets.

CSRC spokeswoman Gao Li was quoted as saying that the draft rules reflected lessons learned from stock markets overseas and the volatility in Chinese stock markets in 2015.

The proposed revision would help ensure more orderly markets, reduce risks and guard against market manipulation and insider trading, Gao said.

Posted in: MARKETS

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