MNI BRIEF: CSRC To Promote Investment Value Of A-shares
MNI (BEIJING) - China’s top securities watchdog said it will increase policy support to promote the quality and investment value of listed companies and strengthen regulations to improve the capital market ecosystem.
Wu Qing, chairman of the China Securities Regulatory Commission told reporters on Thursday that the CSRC will further increase the supply of high-quality listed companies and support more benchmark high-tech firms to enter the A-share market. (See MNI INTERVIEW: China To Strengthen Stock Market Oversight)
It is estimated that over 310 companies will distribute dividends totalling CNY340 billion in December and January, with the number and amount recording 9 and 7.6 times that of the same period last year, said Wu.
The CSRC will further reduce fund sales fees for mutual funds from 2025, which is expected to save investors about CNY45 billion each year, Wu added.