MNI BRIEF: CSRC Pledges Better Protection, Return For Investor
China’s top securities regulator said it will make investor protection, especially for small- and mid-sized investors a top priority and prompt listed companies to provide better returns to stabilise the capital market and restore confidence, according to a statement on China Securities Regulatory Commission's website on Wednesday.
CSRC Vice Chairman Wang Jianjun said in an interview that the regulator will further improve the quality evaluation standards of listed companies, highlight return requirements and promote better returns through cancelling repurchased shares and increasing dividends. (See MNI: China Must Address Investor Concerns To Boost A-shares)
It will also support listed companies to inject high-quality assets, carry out market-oriented mergers and acquisitions, and delist companies that have committed serious violations of laws and have no investment value, said Wang. (See MNI: China Needs To Make Delisting Companies Easier - Advisors)