China has introduced a 15-point plan aimed at building a technology-finance system aligned with its innovation goals. This plan includes conducting consistency reviews of major policies to ensure they support technological innovation. Concurrently, the China Securities Regulatory Commission (CSRC) announced measures to enhance investor confidence in the capital market. Chen Huaping, Vice Chairman of the CSRC, emphasized a crackdown on insider trading and market manipulation to protect retail investors. Additionally, the CSRC plans to broaden financial products tailored to the risk tolerance of retail investors and accelerate the rollout of a reform package for the STAR Market, which is China's technology-focused stock exchange.
🇨🇳CSRC VICE CHAIRMAN CHEN HUAPING: TO CRACK DOWN ON INSIDER TRADING AND MARKET MANIPULATION TO PROTECT RETAIL INVESTORS. TO BROADEN PRODUCTS MATCHED TO RISK TOLERANCE OF RETAIL INVESTORS, BETTER SERVE WEALTH MANAGEMENT NEEDS. TO ACCELERATE ROLLOUT OF REFORM PACKAGE FOR STAR AND https://t.co/K6LAGWKYL1
The China Securities Regulatory Commission announces plans to bolster investor confidence in the capital market.
CSRC Vice Chair: Continue Increase Policy Support