China Eyes Greater Market Oversight to Boost Investor Confidence
- Regulators looking at listing rules, investment-bank roles
- CSRC outlines measures on investment banks, securities firms
China’s markets regulator vowed to tighten listing requirements onshore and beef up checks on publicly traded firms, in its latest effort to inject confidence into the nation’s $9.2 trillion stock market.
The China Securities Regulatory Commission will re-evaluate listing standards for certain sectors, and bolster reviews for companies that haven’t yet made a profit but still hope to do an IPO, Yan Bojin, an official with the regulator, said at a briefing in Beijing on Friday. The CSRC will also guide stock exchanges to modify listing rules, and raise financial requirements for share sales in certain sectors, he said.