- ORIGINAL NEWS
China’s top securities regulator vows to ‘strictly’ crack down on market manipulators
- SUMMARY
China’s top financial leaders are taking strict measures to improve the stability and fairness of their stock market.
The regulator, Wu Qing, is cracking down on fraudulent investors and companies.
He plans to increase dividend payouts, set up stricter delisting rules, and inspect listed companies more closely.
Meanwhile, central bank governor Pan Gongsheng supports overseas listings for high-quality Chinese companies.
This comes after recent market volatility that exposed problems with the market’s fairness, especially for smaller investors.
These steps aim to strengthen China’s second-largest stock market, attract long-term investors, and protect investors’ confidence in the face of market challenges.
- NEWS SENTIMENT CHECK
- Overall sentiment:
neutral
Positive
“Wu outlined measures deemed necessary to improve the quality of listed companies, which included encouraging listed companies to improve stability, as well as timeliness and predictability of dividend payouts.”
“Pan Gongsheng, governor of the People’s Bank of China, also pledged support for overseas listings for high-quality Chinese companies.”
Negative
“Wu Qing vowed to crack down on fraudulent investors and companies.”
“crack down on market manipulators, while stating that protecting small investors was a “core task.””