KNOWLEDGE is POWER / REAL NEWS is KEY
New York: Monday, January 17, 2022
© 2022 U-S-NEWS.COM
Online Readers: 320
New York: Monday, January 17, 2022
Online: 321
Donald Trump's new social media platform "TRUTH Social" Join the Waiting List - Click here
China Securities Regulatory Commission (CSRC) building in Beijing

MONEY & BUSINESS: China to stabilise markets, adopt registration-based IPO system – official



FILE PHOTO: A Chinese national flag flutters outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China July 9, 2021. REUTERS/Tingshu Wang

December 30, 2021

SHANGHAI (Reuters) -The chairman of China’s securities regulator, Yi Huiman, said China will stabilize and reform its capital markets next year, state-backed Xinhua News Agency reported on Thursday.

Yi said China will reform its stock market next year to adopt a comprehensive registration-based IPO system, which is currently only adopted by the newly established Beijing Stock Exchange, ChiNext and STAR Market.

“The conditions to employ a comprehensive registration-based IPO system are gradually being met,” Yi told Xinhua. “We are stepping up efforts to formulate a market-wide registration system reform plan … to ensure its smooth implementation.”

Yi also said China will accelerate the reform of its offshore listing system and strengthen its cooperation with international securities regulation.

In terms of regulation, the China Securities Regulatory Commission (CSRC) will step up scrutiny of fund raising and M&A activities in some sensitive areas, Yi told Xinhua.

He added that China will try to defuse debt default risks and eliminate their spillover effects.

Debt woes in China’s $5 trillion property sector, including China Evergrande Group, is being widely watched by global financial markets concerned about broader contagion.

(Reporting by Jason Xue and Andrew Galbraith; editing by John Stonestreet and Hugh Lawson)





Source link

(Visited 7 times, 1 visits today)
KNOWLEDGE is POWER / REAL NEWS is KEY
Woke & Liberal News is Fake News
You will find it on:
CNN - CBS - MSNBC - ABC - The New York Times - The Washington Post - Facebook - Twitter and more
They ALL SUCKS and simply DO NOT tell you the truth PERIOD

WARNING! If you usually get your news from one of these so-called "News Services" Welcome to you, but be prepared for big surprises!
eg. 2+2 is not 5 or 22 but 4 - There is not 57 different genders, only 2
KNOWLEDGE is POWER / REAL NEWS is KEY
Help your friends, family and the truth by sharing this page and articles.
Amen and a-women

PGlmcmFtZSB3aWR0aD0iNjQwIiBoZWlnaHQ9IjM2MCIgc2Nyb2xsaW5nPSJubyIgZnJhbWVib3JkZXI9IjAiIHN0eWxlPSJib3JkZXI6IG5vbmU7IiBzcmM9Imh0dHBzOi8vcnVtYmxlLmNvbS9lbWJlZC92cGVmZ24vP3B1Yj00Ij48L2lmcmFtZT4=
WATCH THIS!

PGlmcmFtZSB3aWR0aD0iNjQwIiBoZWlnaHQ9IjM2MCIgc2Nyb2xsaW5nPSJubyIgZnJhbWVib3JkZXI9IjAiIHN0eWxlPSJib3JkZXI6IG5vbmU7IiBzcmM9Imh0dHBzOi8vd3d3LmJpdGNodXRlLmNvbS9lbWJlZC9KcWlBWFdWUEFLcGYvIj48L2lmcmFtZT4=
THIS IS IT!!!