In a decisive move to safeguard investor interests and enhance market integrity, China's Securities Regulatory Commission (CSRC) announced on Friday a series of stringent measures aimed at tightening market regulations.
During the CSRC's first briefing after the Chinese New Year, Li Ming, head of the CSRC's enforcement bureau, underscored the importance of rigorous inspections and enforcement in maintaining a fair and equitable market environment. \"A market's vitality and growth hinge on the universal trust in its fairness and equity,\" Li emphasized. He assured that the commission is steadfast in prosecuting every case of securities infringement to uphold the law.
The CSRC's renewed focus includes a heightened crackdown on fraudulent IPOs, financial deceit, and the misappropriation of funds by major shareholders. By leveraging collective lawsuits, litigation support, and criminal prosecutions, the regulator aims to create a robust deterrent against market malpractices.
These regulatory enhancements come at a time when China's A-share market is experiencing a notable upswing. The main indices surged on Friday, buoyed by a trend of significant stock buybacks by numerous listed companies post-Chinese New Year. Yang Delong, chief economist at First Seafront Fund, commented on the positive impact of these buybacks, stating that they have significantly boosted market vibrancy and fortified investor trust.
Yang added, \"The prevalent buyback trend among listed companies demonstrates the potency of substantial share repurchases as a means to reinforce investor confidence and stabilize the market.\"
As the CSRC steps up its regulatory measures, the combined effect of stricter enforcement and proactive market strategies is expected to foster a more transparent and trustworthy investment landscape in China.
Reference(s):
China's securities regulator vows stricter enforcement of market
cgtn.com
