Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Dec. 6 (Xinhua) — China's securities regulator on Friday released a draft set of rules on the supervision and management of listed companies to solicit public opinion.
The publication of the draft paves the way for the adoption of China's first special administrative regulation on the supervision of listed companies.
Aimed at preventing risks, strengthening supervision and promoting the quality development of listed companies, the project envisages strengthening the framework for ensuring supervision, law enforcement and investor protection, as well as improving the quality of listed companies.
By regulating the activities of listed companies and their related parties in accordance with the law, this set of rules is expected to further support the high-quality development of China's securities market.
The draft resolution, consisting of 74 articles, improves corporate governance requirements and strengthens controls over information disclosure. It calls for increased efforts to prevent and combat financial fraud in information disclosure.
The document also outlines measures to regulate mergers and acquisitions, strengthen investor protection, and toughen penalties for practices that violate relevant laws and regulations. -0-
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