SHANGHAI (Reuters) – China’s securities regulator said on Friday it would set up a clear and complete regulatory framework to supervise overseas-listed Chinese companies, and strengthen cross-border cooperation.
The China Securities Regulatory Commission (CSRC) will amend and consolidate overseas listing rules, and will crack down on cross-border illegal activities, CSRC said in a statement on its website.
In the domestic market, the CSRC will adopt “zero tolerance” toward malpractice such as accounting fraud, insider trading and market manipulation, the regulator said.
The CSRC issued the statement after holding an internal meeting on Thursday.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.