BEIJING, May 13 (Xinhua) -- China Securities Regulatory Commission (CSRC) released on May 10 amended rules to reinforce supervision over listed securities companies, reported Xinhua Finance.
The amended rules, effective from May 10, require listed securities firms to return to their due obligations and further strengthen their operation with more advanced development philosophy, stricter compliance with related risk control measures and more transparent and normative information disclosure.
The amended rules is expected to help supervise and guide the securities sector to comprehensively develop finance with Chinese characteristics and implement related requirements to further improve services to the real economy and investors.
In the future, CSRC will adhere to the principles featuring strong supervision, risk prevention and development promotion in strengthening daily regulation over securities companies, and reinforcing accountability of related law enforcement to facilitate high-quality development of the securities industry.
(Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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