Since the beginning of this year, investor confidence in China's stock market has recovered, transactions are becoming more active and market size is now third among global stock markets behind the US and Japan, said Liu Xinhua, vice chairman of the China Securities Regulatory Commission (CSRC) on July 4.
Liu disclosed that the Growth Enterprises Market (GEM) follow-up rules will be formulated and issued in the next couple of months, and a GEM issuance examination organization and issuance examination committee will be set up to ensure the successful launch of GEM and its smooth and steady operation.
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The CSRC will focus on protecting investors' legitimate rights and interests to further enhance the construction of basic market systems, actively expand the size of the corporate bond market and steadily accelerate the construction of the futures market.
The CSRC will also further reinforce supervision and law enforcement, strengthen the punishment and intensify the disclosure of legal and regulation violations such as market rigging, insider dealing and benefit transfers.