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Article: CHINA PREPARES FOR MAJOR STOCK MARKET OVERHAUL.
- Article from:
- AsiaPulse News
- Article date:
- March 26, 2001
CopyrightCOPYRIGHT 2001 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING, March 26 Asia Pulse - The Chinese government is gearing up for a major overhaul of its stock market operations after a decade of development.
The changes can be summed up in the following 12 points:
- Policy regulation will be weakened. At the beginning, the two stock markets in Shanghai and Shenzhen were tinged with local colors. During this period, the development and policy decisions were basically made by local governments. Then the State Council Securities Committee and the China Securities Regulatory Commission were established. Last year, the China Securities Regulatory Commission announced that it will not make the regulation of stock ...