Your current location:HOME >business >China to strengthen capital market regulation, risk prevention 正文
TIME:2024-05-21 18:11:07 Source: Internet compilationEdit:business
BEIJING, April 12 (Xinhua) -- China's State Council has released a guideline on strengthening regula
BEIJING, April 12 (Xinhua) -- China's State Council has released a guideline on strengthening regulation, forestalling risks and promoting the high-quality development of the capital market.
This is the third guideline document on the capital market from the State Council in two decades. The first two were issued in 2004 and 2014, respectively.
The country should build a secure, regulated, transparent, open, dynamic and resilient capital market, the guideline noted.
In this regard, efforts should focus on strengthening regulation, preventing risks and pushing forward high-quality development to fully harness the functions and roles of the capital market, promote the building of a country with a strong financial sector and serve the goal of advancing Chinese modernization.
The guideline demanded strict regulation on the entry into the capital market through securities issuance and listing, as well as rigorous sustained oversight on listed firms.
It also urged intensifying regulation on delisting as well as on institutions like securities and fund management companies.
Efforts should be made to tighten supervision over high-frequency trading and other types of trading, enhance the reserves of strategic forces and further develop stabilizing mechanisms, the guideline said.
It added that the impacts of both major economic and non-economic policies on the capital market will be factored into policy orientation consistency evaluation as part of efforts to enhance the intrinsic stability of the capital market.
China will vigorously guide the entry of medium and long-term capital into the market, comprehensively deepen reform and opening up, and strengthen the rule of law in the capital market, the guideline said. ■
Student fatally shot, suspect detained at Georgia's Kennesaw State University2024-05-21 18:00
Atletico oust Inter on penalties to reach UCL quarters2024-05-21 17:04
Characters enter the public domain. Winnie the Pooh becomes a killer. Where is remix culture going?2024-05-21 17:04
Bodies of 32024-05-21 16:47
French sports minister calls for sanctions after Monaco player tapes over anti2024-05-21 16:19
Future of popular MTV show hangs in the balance after production pauses after five seasons2024-05-21 16:01
Maglev line opens to tourists in Fenghuang2024-05-21 15:53
Chengdu, a rising megacity based on sound governance2024-05-21 15:47
Independent UN experts urge Yemen’s Houthis to free detained Baha'i followers2024-05-21 15:43
Judge orders psych evaluation for Illinois man charged in 4 killings2024-05-21 15:27
Uber and Lyft say they'll stay in Minnesota after Legislature passes driver pay compromise2024-05-21 17:53
Bayer Leverkusen win first2024-05-21 17:24
Geopark listed in UNESCO network2024-05-21 17:03
Chinese athletes preparing for 2026 Winter Olympics2024-05-21 16:46
Uber and Lyft say they'll stay in Minnesota after Legislature passes driver pay compromise2024-05-21 16:44
Jingzhou: a gateway to the fascinating history of Chu culture2024-05-21 16:39
Harbin extravaganza boosts China's ice2024-05-21 16:14
New Godzilla x Kong film tops China box office2024-05-21 15:43
Strictly star Giovanni Pernice's former partner Rose Ayling2024-05-21 15:41
Atletico oust Inter on penalties to reach UCL quarters2024-05-21 15:37