China's securities regulator CSRC tightens scrutiny over stock listings, IPOs, and underwriters for increased investor confidence and a safer capital market.
China's securities regulator, the China Securities Regulatory Commission (CSRC), is tightening scrutiny over stock listings, public companies, and underwriters to boost investor confidence. The measures include closer vetting of initial public offerings (IPOs), stricter punishments for securities fraud, and encouragement for listed firms to increase dividend payouts and buy back shares. The CSRC aims to make China's capital market safe, regulated, transparent, open, vivid, and resilient. The regulator also plans to step up supervision of listed companies, prevent big shareholders from reducing holdings illegally, and encourage companies to buy back shares when share prices fall.
March 15, 2024
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