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China to further protect investors

Updated: Apr 16,2020 04:40 PM

China will further protect capital market investors, according to a meeting of the financial stability and development committee under the State Council.

Vice-Premier Liu He, a member of the Political Bureau of the Communist Party of China Central Committee, hosted the meeting on April 15.

Domestic work and production has resumed steadily and the economy is recovering gradually amid effective control and prevention of the COVID-19 epidemic, according to those at the meeting. At present, external risks are greater than internal risks, and macro risks are greater than micro ones. Under such circumstances, it’s crucial to enhance countercyclical adjustments in the economy. Measures and policies should be fully implemented in order to support the real economy, especially micro, small and medium-sized enterprises.

The meeting stressed protecting investors in the capital market. Development of the capital market should follow market principles and the rule of law, with integrity as the bottom line.

Recently, some listed companies perpetrated financial fraud and other infringements on investors’ interests. In light of this, the meeting urged regulatory departments to strengthen protection for investors, improve the quality of listed companies, disclose accurate and complete information on time, ensure that intermediary agencies take due responsibilities. Rule violations will receive heavy punishment, in order to maintain a healthy market, and allow the capital market to better serve the real economy and investors.