Latest News:  
Beijing   Sunny/Cloudy    32 / 19 ℃  City Forecast

Home>>China Business

Deepening reform of IPO system most urgent: CSRC

By Li Zhenyu (People's Daily Online)

17:00, June 05, 2012

BEIJING, June 5 (People's Daily Online) -- The China Securities Regulatory Commission (CSRC), China's top securities regulator, recently said in a statement on its website that the most urgent task for the development of China's securities and futures markets in 2012 is to deepen the reform of the initial public offering system.

The 12th Five-Year Plan and the National Financial Work Conference have laid out clear objectives and tasks for the development of securities and futures markets, the top regulator said in the statement referring to the main objectives and tasks for the development of securities and futures markets in 2012.

The statement claimed that it is important to build up a multi-layered capital market, nurture professional investment agencies and intermediaries, and enhance the degree of opening-up in various fields.

The commission will cancel about 40 percent of its administrative approval projects this year, some of which will be assigned to lower-level agencies or merged into one project, according to the statement.

"The most urgent task right now is to deepen the reform of the initial public offering system, and improve the systems of stock issuance, delisting, and dividend payments," said the statement.

Email|Print|Comments(Editor:厉振羽、张洪宇)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Partial lunar eclipse observed in Beijing

  2. China Pole Dance Championships kick off

  3. What a beautiful dish

  4. Candidates of Miss Hong Kong Pageant 2012

Most Popular

Opinions

  1. SCO is strategic choice for members
  2. Conditions not ripe for farm land privatization
  3. 'Going Global' a win-win game for both sides
  4. China is a strategic and reliable partner
  5. Anti-monopoly push may fail to woo private capital
  6. Real benefits of high trade volume remain elusive
  7. Construction boom could hinder economic growth
  8. Much-needed cooling awaits China
  9. Why is Washington so scared of Confucius?
  10. Chance to peacefuly resolve Iranian nuclear issue

What's happening in China

Jiaolong Deep Sea Post Office opens

  1. Chinese economy on course to stabilize in May
  2. Ancient books set record of highest auction price
  3. Boy's case isolated, bird flu outbreak unlikely
  4. Shanghai police deny bar raids on foreigners
  5. Flying brake hub killed bus driver in E China

China Features

  1. Maritime spat between China and DPRK
  2. The 24 solar terms
  3. High ticket prices, unaffordable landscapes
  4. Huangyan tensions
  5. 2012 Russia-China joint naval exercise

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai