CSRC chairman promises transparency in stock market reform

China's top securities market regulator promised on Monday that more effective efforts would be adopted to promote transparency in the country's stock market reform, especially the on-going reform on non-tradable shares, to stop inside trading.

In response to questions at a press conference, Chairman of the China Securities Regulatory Commission Shang Fulin said the reform on non-tradable shares is not "at any cost" as some people claimed. "Instead, it will be carried out on the judgment of the overall and long-term benefits arising from the reform."

He said the reform is a very complicated issue, and the CSRC will take all related issues into consideration when formulating reform rules and regulations, including the reform of companies that have both A and B shares listed on the mainland stock market and H shares listed on the Hong Kong bourse.

Source: Xinhua