1. LINE

      Text:AAAPrint
      Economy

      Safeguarding the smaller investors

      1
      2015-05-11 08:57China Daily Editor: Si Huan
      A stock investor at a brokerage in Jiujiang, Jiangxi province. She was shocked by the fluctuations in the A-share market. (Photo/China Daily)

      A stock investor at a brokerage in Jiujiang, Jiangxi province. She was shocked by the fluctuations in the A-share market. (Photo/China Daily)

      Stock market still in fledgling state after decades of development

      Despite last week's sudden decline of the Shanghai Composite Index, the recent bull run is not merely a temporary blip, and retail investors face some difficult choices, economists said.

      Liu Jipeng, an economist at China University of Political Science and Law, said that small traders will need to be on their toes when investing in the market.

      "In China, stock prices are usually influenced by policy or other information that is difficult for retail investors to notice, such as companies' restructuring plans. The regulatory mechanism of information disclosure remains weak," said Liu. "Without specific legislative guarantees, it is difficult to ensure that the interests of small investors are adequately protected."

      One of the most important legislative plans for China this year is the revision of the Securities Law, a legislator said during the annual session of the National People's Congress in March.

      According to Yin Zhongqing, deputy director of the NPC Financial and Economic Affairs Committee, the NPC's Standing Committee reviewed the draft in late April, but it didn't disclose the details. If all goes well, the final draft will be published this year.

      This time, protection of retail stock investors will be written into the Securities Law.

      It will add a chapter setting out the principles of retail investor protection, including the investor eligibility system, a pre-lawsuit compensation system, and a cash bonus distribution system.

      The revision of the law will also improve the lawsuit system, said Yin.

      The Securities Law has been revised four times since it was created in December 1998.

      "Compared to previous revisions, the draft will be a comprehensive overhaul, adding more than 100 clauses, amending more than 100 clauses and deleting more than 20 clauses," said Yin.

      The draft will also reform stock and registration issues, strengthen supervision, cancel administrative approval for seven items and increase punishment for violators, according to the NPC deputy.

      The amendment of the Securities Law has been viewed as the legal foundation for China to push forward the registration-based system for initial public offerings, one of the most important reforms of the capital market.

      Prior to the reform, the existing stock issue method lacked an accountability system, which led to blind speculation for new shares, especially among retail investors, said Su Peike, a researcher with the Public Policy Research Institute at the University of International Business and Economics in Beijing.

      Su said that the country's top securities watchdog, the China Securities Regulatory Commission, should scrap the system under which it is required to grant administrative approval for new offerings, but instead supervise whether listed companies disclose information in a timely and accurate manner.

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 亚洲国产91精品无码专区| 日本黄色动图免费在线观看| 最近中文字幕免费mv视频7| 日韩va亚洲va欧洲va国产| 日韩免费高清一级毛片| 色爽黄1000部免费软件下载| 又大又粗又爽a级毛片免费看| 亚洲成a人片在线观看天堂无码 | 亚洲精品NV久久久久久久久久| 亚洲最大无码中文字幕| 成人性生交视频免费观看| 国产日本亚洲一区二区三区| 一区二区视频在线免费观看| 亚洲区小说区图片区| 日韩在线观看视频免费| 亚洲国产精品国产自在在线| 成人片黄网站色大片免费观看cn| 久草免费福利资源站| 亚洲视频欧洲视频| 四虎影院免费在线播放| 免费国产污网站在线观看不要卡| 国产成人亚洲综合| 日韩内射激情视频在线播放免费| 亚洲欧洲视频在线观看| 日本免费人成视频播放| 丰满人妻一区二区三区免费视频| 久久亚洲AV成人无码软件| 最近2019中文字幕免费看最新| 国产精品亚洲lv粉色| 亚洲乳大丰满中文字幕| 全部一级一级毛片免费看| 久久乐国产精品亚洲综合| 一级毛片aaaaaa免费看| 国产亚洲一区二区三区在线观看 | 亚洲欧洲国产日韩精品| 我要看WWW免费看插插视频| av片在线观看永久免费| 国产一级高清免费观看| 亚洲日韩国产二区无码| 国产亚洲老熟女视频| 91成人免费观看网站|