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China's Securities Regulatory Commission has said the country will strengthen supervision of the financial system to ensure healthy economic development.
Shang Fulin is the Commission's Chairman
"On the one hand, we will reinforce risk prevention when financial departments are working on new products. On the other hand, we will also fortify our risk supervision system to foresee potential dangers before producing new financial products."
Shang Fulin said the Commission will put different emphases on new financial products.
Regarding the regulation of the stock markets and futures products, he says authorities will stress ordered market participation and cross-market supervision and coordination.
In addition, authorities will also exercise supervision on the secondary listing board after establishing relative rules and regulations. |
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