CSRC plans to set up agency
By Verain Ye |
January 5, 2013, Saturday
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Print Edition
Print Edition
CHINA'S securities regulator is planning to set up an agency to buy shares of listed companies in a bid to exert shareholders' rights on behalf of the country's individual investors.
The new body would enable the China Securities Regulatory Commission to exercise the shareholders' power to participate in listed firms' corporate governance and to file civil lawsuits, the CSRC has said in an article on its website in reply to questions from investors.
The plan is part of an effort to improve the country's "relief mechanism" for retail investors, according to the article.
The new body would enable the China Securities Regulatory Commission to exercise the shareholders' power to participate in listed firms' corporate governance and to file civil lawsuits, the CSRC has said in an article on its website in reply to questions from investors.
The plan is part of an effort to improve the country's "relief mechanism" for retail investors, according to the article.
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