BEIJING, March 13 (Xinhua) – China’s Shenzhen Stock Exchange (SZSE) vowed to continuously optimize capital market fundamental rules to craft a transparent trading market this year, reported Securities Times Tuesday.
The Shenzhen-based Chinese bourse intended to advance reform of the growth enterprise market (GEM) board to improve its supports to science- and innovation-driven enterprises.
Meanwhile, SZSE planned to optimize trading rules about the Shenzhen-Hong Kong stock connect program and reinforce full supervision. To improve product system, the bourse will mull relevant rules for piloting stock option and improve the rules system for bond, asset-backed securities and funds.
Last year, SZSE pressed ahead with reforming fundamental capital market rules on compulsory stocks delisting of listed firms in the case of serious illegal activities, their stocks trading suspension, and stocks repurchase to regulate their high proportion bonus share issue and optimize market ecology.
SZSE promulgated detailed rules over the listing of Belt and Road bond, green bond and bond for “poverty alleviation” to further its supports to national development initiatives.
SZSE also provided rules guarantee for the pilot free convertibility of Chinese mainland firms’ non-listed domestic shares into stocks traded on the Hong Kong stock exchange to speed capital market opening up.
Apart from these, SZSE launched tri-party pledged bond repurchase business and released guidelines on liquidity services for securities investment funds to enhance market liquidity. Enditem (Edited by Duan Jing, duanjing@xinhua.org)
A single purchase
