China may set up new investor protection agency

Updated: 2012-12-12 15:17


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The head of China's securities regulator says he's considering setting up one or more agencies to safeguard investors' interests.

Representatives from these bodies would attend shareholder meetings of listed companies, to advocate for investors when management makes decisions that could be against their interests.

The agency would also file complaints or lawsuits to protect the interests of individual investors. Analysts say the move aims to boost confidence in China's struggling A-share market.