CHINAUS AFRICAASIA 中文双语Français
Business\Markets

China to regulate regional equity markets to aid SMEs financing

Xinhua | Updated: 2017-01-12 11:29

BEIJING - China's State Council on Wednesday specified a string of measures aimed at better regulating the regional equity markets in a latest effort to aid financing for small- and medium-sized enterprises (SMEs).

China will promote the healthy development of regional equity markets to allow them play "positive roles" in serving SMEs in the areas, said a statement released after a State Council executive meeting presided over by Premier Li Keqiang.

Cross-regional operations of the equity markets will be adjusted and regulated, the statement said, stating such financing platforms in one region should be managed by one single institution.

A qualified investors mechanism will be put in place to stipulate requirements for trading in the equity market exchange, such as demanding participants to have relatively strong risk tolerance and certain scale of financial assets.

The meeting also clarified regulation responsibilities between provincial governments and securities regulator to jointly protect the interests of investors.

The move is part of a series of policies to ease financing difficulties for SMEs as banks usually favor big state-backed giants.

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US