China's STAR Market: New Measures to Boost Growth
China's securities regulator announced upcoming reforms for the STAR market to enhance listed company quality and attract long-term capital. Wu Qing, chairman of the CSRC, emphasized strengthening regulation on high-frequency trading and over-the-counter derivatives. Despite recent rebound, market concerns persist over China's economic outlook.
- Country:
- China
China's securities regulator said it will publish fresh measures to deepen reform of Shanghai's tech-focused STAR market, as part of efforts to improve listed company quality and attract long-term capital.
Wu Qing, chairman of the China Securities Regulatory Commission (CSRC), also told the annual Lujiazui Forum in Shanghai that the watchdog will strengthen regulation of high-frequency trading and over-the-counter derivatives.
China's stock market has bounced off five-year lows hit in February after a slew of market-boosting measures by the government, but the rebound has been loosing steam in recent weeks amid concerns over China's economic health.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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