英语资讯
News

英语文摘:China securities regulator says to balance stocks supply and demand for stability

Source:  Onion  2008-06-23   English BBS   Favorite  
BEIJING, June 22 (Xinhua) -- Shang Fulin, chairman of the China Securities Regulatory Commission (CSRC), on Sunday vowed to deepen reform and boost regulation to promote a stable and healthy development of the capital market.

    The CSRC would rationally balance the market supply and demand, and regulate the pace of fund-raising, Shang told an interior meeting in Beijing.

    The stock regulator would encourage and steer funds into the market for long-term investment and gradually improve the inner market stabilizing mechanism.

    China's benchmark Shanghai Composite Index have fallen 54 percent from its all time high in mid October 2007. The steep decline came amid fears that the tightening measures would erode corporate profits and the equities supply would overwhelm demand.

    Analysts said the regulator has been delaying approvals of initial public offerings over the past couple of months to stabilize market that was hard-hit by weak investor sentiment.

    Shang noted the CSRC would boost cooperation with the prosecutors on crackdown on market manipulation, irregular information disclosure, and false information and rumors distributed to manipulate stock prices.

Shang Fulin, chairman of the China Securities Regulatory Commission (CSRC)(

    It would also cooperate with other financial regulators to closely watch the impacts of the domestic and overseas economic operation and the global financial market on the domestic capital market.

    Shang said that during the process of market correction, some people deliberately spread rumors that disrupted market orders and increased volatility.


将本页收藏到:
上一篇:英语文摘:Vice president: China sticks to sustainable energy strategy
下一篇:英语文摘:Hu highlights China's progress, "large gap" in sci-tech development
最新更新
论坛精彩内容
网站地图 - 学习交流 - 恒星英语论坛 - 关于我们 - 广告服务 - 帮助中心 - 联系我们
Copyright ©2006-2007 www.Hxen.com All Rights Reserved