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Financial stability, reform will be top priorities next year, says China’s securities chief
- ‘Priority will be given to stabilising growth, fending off risks and advancing reform,’ says chairman of the China Securities Regulatory Commission
- The CSRC is working to implement a registration-based IPO reform across the board, Yi revealed
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The focus of China’s securities regulation next year will be maintaining stability while pursuing reform, the country’s securities chief has said.
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“Priority will be given to stabilising growth, fending off risks and advancing reform,” Yi Huiman, chairman of the China Securities Regulatory Commission (CSRC), told Xinhua in an interview.
On the one hand, the CSRC will arrange efforts to ensure the stability of the market, policies and expectations, and on the other, it will seek advancement in reform, opening-up and support for the “high-quality development” of the real economy, he said.
The CSRC is working to implement a registration-based initial public offering (IPO) reform across the board, Yi revealed.
This will be a catalyst in China’s capital market reform, he said, adding that it will be an opportunity to coordinate other major reforms and push forward innovation in key systems.
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