Industrial Production News
- Companies must sustain profits: regulator
Date: 9-Nov-2007 Sources: (Shenzhen Daily)
PUBLICLY traded companies should sustain their profitability while brokerages must work harder to diversify their sources of income, according to the country's deputy stocks regulator.
'The scale and quality of China's capital market are not balanced,'' said Liu Xinhua, assistant to China Securities Regulatory Commission (CSRC) chairman, at a financial services exhibition in Beijing on Thursday. China's US$4.43 trillion capital market, the second-largest in Asia by capitalization, is still an emerging market where new investors lack the ability to judge and balance risks, a weakness that underscores the regulator's responsibility to improve market supervision, Liu said. 'The CSRC will enhance our supervision, strictly monitor and crack down on insider trading, to develop the stock market into a multilayered market,'' he said.
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