BEIJING, March 5 (Xinhua) -- China Securities Regulatory Commission (CSRC), the country's securities watchdog, announced Thursday it decided to pilot capital market financial technology (fintech) innovation work in Beijing, reported Xinhua Finance, a Xinhua-run financial information platform.
According to CSRC, it now started organizing collection of pilot capital market fintech innovation programs in the Chinese capital city.
As the CSRC announcement tells, institutions that can report to and apply with the Chinese securities regulator for pilot programs include Beijing-located securities and futures companies, related service institutions and funds custody institutions.
Institutions providing securities and futures business related services here include funds service institutions engaged in sales, sales payment, units registration, valuation, investment consultancy and appraisal of publicly-offered funds, securities investment consultancy institutions, credit rating agencies. (Edited by Duan Jing with Xinhua Silk Road, firstname.lastname@example.org)