|
CHINA> National
![]() |
|
Performance of China securities firms improved - regulator
(Xinhua)
Updated: 2008-10-25 11:48 Shang Fulin, the China Securities Regulatory Commission (CSRC) chairman, said on Friday the performance of the nation's 106 securities companies had been improved markedly as a result of an effective three year industry overhaul.
He made the remark at an industry meeting in Beijing, noting the asset value of the 106 securities companies totaled 350 billion yuan (US$51.14 ) through September. Nearly 5 trillion yuan of clients' assets are managed by those brokers, according to Shang. He said violations in securities trading had been curbed as the companies drew lessons from past experience and enhanced their risk management effectively. The companies had also beefed up their fiscal strength and the securities trading runs in order. China's brokers were once plagued by scandal, including stock price manipulation and insider trading since the capital markets were initiated in the early 1990s. To prevent losses to small investors, the CSRC had stepped up supervision of brokers, and a number of securities companies had been fined or shut after being found involved in illegal trading. Shang noted more pre-emptive measures were needed to prevent potential risks from exploding and the administrative supervision of the CSRC should function together with the self scrutiny of the companies. |
滦平县| 丹阳市| 滦南县| 洛南县| 喜德县| 宁安市| 安岳县| 大宁县| 宾川县| 呼和浩特市| 彰武县| 安仁县| 景东| 灵宝市| 阿克苏市| 禹城市| 仲巴县| 大石桥市| 梧州市| 玉田县| 绍兴市| 营山县| 新营市| 辽宁省| 邹平县| 乐至县| 淳化县| 和顺县| 舟山市| 远安县| 康乐县| 文安县| 鹤壁市| 四川省| 墨竹工卡县| 托克托县| 岱山县| 磐安县| 闵行区| 芜湖县| 永泰县|