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08Nov2000 CHINA: Regulatory commission examining options for online trading. By SECURITIES Enoch Yiu. The securities watchdog in China will look into the possibility of introducing Internet trading. Zhou Xiaochuan, chairman of the China Securities Regulatory Commission (CSRC), during a two-day visit to Hong Kong, yesterday discussed the latest developments in mainland capital markets at a seminar jointly organised by the Hong Kong Securities Institute and the Securities and Futures Commission. He said the CSRC was working on 12 major issues - most intended to promote the development of capital markets. One was a study into how to develop Internet trading in China. Also, Mr Zhou said the commission would like to strengthen the monitoring role of the media and public opinion in the securities market. Another important task was preparations for a venture board in Shenzhen - similar to Hong Kong`s Growth Enterprises Market - to enable newly set up high-technology firms to raise funds. Another commission concern was how to further open up securities markets to international investors, Mr Zhou said, pointing out that enhancing the regulatory framework was also a key focus for the commission. It would continue to promote and perfect relevant laws and regulations, he said. It would also bring in regulations to improve market transparency and the standards of disclosure of China`s listed companies. There were 1,048 listed companies at present, he said, contrasting this with the 10 companies which comprised China`s listings just 10 years ago. The average daily turnover of the mainland`s two stock markets was 25 billion yuan (about HK$23.41 billion) this year - well up on last year`s average of 13 billion. For example, in 1992, the turnover was only 266 million yuan a day, he said. Mr Zhou said the CSRC had plans to: Strengthen communications between it and government departments; Bring in more measures to enhance investor protection and investor education; Step up the regulatory framework and monitoring system for the stock exchanges; and Promote the development of financial institutions. Quelle: SOUTH CHINA MORNING POST 08/11/2000 Gruß Hollin |
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| aus der Diskussion: | Hartcourt - Auf zu neuen Ufern ! Teil LXXXIX |
| Autor (Datum des Eintrages): | Hollin (08.11.00 08:53:39) |
| Beitrag: | 99 von 110 (ID:2290289) |
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