男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Finance

Capital market reforms to get fresh impetus

By SHI JING in Shanghai | CHINA DAILY | Updated: 2021-01-30 08:01
Share
Share - WeChat
A teller counts cash at a bank branch in Hangzhou, capital of East China's Zhejiang province. [Photo by Hu Jianhuan/For China Daily]

More efforts to normalize refinancing, public offerings soon, says regulator

China will deepen capital market reforms and opening-up and continue its efforts to avoid risks this year, according to the China Securities Regulatory Commission.

By sticking to the rules of "perfecting fundamental systems, nonintervention and bearing zero tolerance for misconduct", which are also the intrinsic logic safeguarding the high-quality development of the capital market, more efforts will be made to normalize initial public offerings and refinancing, the CSRC said during its annual work conference on Thursday.

Reforms at the investment end will be stressed, said the regulator. To be specific, the supply of equity fund products will be further expanded while innovation in services is also important. Related policies should be finalized at a faster pace so that pension funds can invest in mutual fund products, which will help attract more long-term capital into the market.

Ba Shusong, executive director of the HSBC Financial Research Institute at Peking University, said the Chinese capital market structure should be further optimized, especially at the top level.

"There should be a mechanism to assess long-term capital managers' performance and related risks in order to enhance management efficiency. Meanwhile, equity investment and alternative investment should be developed while favorable tax policies should be introduced. By creating a better environment in general, the pension funds will be used more efficiently," Ba added.

The registration-based IPO mechanism will be evaluated and related regulations optimized so that the mechanism can be promoted throughout the A-share market, said the CSRC.

A systematic opening-up will be promoted steadily. While actively advancing the cross-border auditing cooperation, the CSRC will strengthen its supervision capabilities when the Chinese capital market is further opened up.

During the China International Finance Annual Forum 2020 held in early September, CSRC Vice-Chairman Fang Xinghai said the regulator will enhance communication and coordinate policies with overseas capital market supervisors to strengthen cross-border cooperation on auditing for listed companies. The commission will seriously crack down on financial fraud to protect the legal rights of investors all over the world, he said.

The regulator also said that sustained efforts need to be made to prevent financial risks, given the multiple uncertainties and challenges in the domestic and international markets. The infrastructure and legal system of the country's bond market should be perfected so that the bond default risks can be resolved.

The basic requirements for private equities should also be strictly implemented, said the CSRC. A risk prevention and management mechanism connecting regional and central regulators should be established. Efforts should be accelerated to roll out PE regulations, said the commission.

Data from Shenzhen Rongzhi Investment Consultant Co, a consultancy which tracks the PE market, showed that there were 109 Chinese PEs with respective assets under management of over 5 billion yuan ($773.8 million). But "fake PEs", which carried out illegal financing, started emerging last year when the industry boomed. To this end, the CSRC released regulations for PEs on Jan 8, which specify the management scope, structure, qualification and investment targets.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 南丰县| 吉安市| 临澧县| 华安县| 阳谷县| 甘孜县| 开江县| 迭部县| 莱芜市| 西和县| 长垣县| 房产| 金华市| 婺源县| 怀远县| 光泽县| 二连浩特市| 丰镇市| 土默特左旗| 洪雅县| 白河县| 平凉市| 黄骅市| 梨树县| 肥乡县| 屏东市| 云龙县| 泸定县| 巴塘县| 建宁县| 齐齐哈尔市| 南康市| 大城县| 湖南省| 嵊州市| 壤塘县| 枣阳市| 林口县| 子洲县| 大冶市| 敦化市|