Chairman of the CVM, Wu Qing: Continue to improve the institutional arrangements for regulating procedural transactions.

On 6 June, the CVM Network launched a message from President Wu Qing at the Fourth CSRA Member Congress. Wu Qing indicated that in recent years, procedural transactions have become an important way of dealing in major global capital markets, including my own. In addition to well-known quantitative private fundraising, foreign investors, public and other professional institutions, and even some individual investors, have resorted to procedural transactions to varying degrees. Taking fully into account the circumstances of the country where individual investors predominate, a series of procedural rules for the regulation of transactions has been introduced, a system of transaction reporting has been put in place, targeted monitoring and surveillance has been strengthened, controls on unusual transactions have been tightened, downscaling has been directed, and the management of business modules has been strengthened. On this basis, we will also conduct further research to continuously improve the institutional arrangements for the regulation of procedural transactions, to give greater prominence to fairness and regulation, to strengthen targeted regulation, to ensure that technological advantages are not abused and to resolutely combat irregularities such as market manipulation and disruption of market order. Original language link (Security Times)