China's securities regulator to nurture sound capital market through supervision

The China Securities Regulatory Commission (CSRC) will effectively perform its main duty of supervision via "whole-process supervision in all links" and work with all relevant parties to jointly nurture a sound capital market and first-class business environment.

The CSRC will strive to guide listed firms to enhance transparency, concentrate on core business operations, optimize resource allocation, and conduct stable operations to ensure better returns for investors, CSRC Chairman Wu Qing told a press conference held Wednesday on the sidelines of the ongoing session of the national legislature.

The CSRC will also strive to improve the quality of listed firms through supervision efforts in key areas such as IPOs and delisting. Furthermore, it will enhance regular supervision efforts on firms after they go public by cracking down on fraud and other violations in accordance with the law.