The government will create better conditions for bank fund to enter securities market, senior officials from the central bank and the banking regulatory body as saying by a newspaper Wednesday.

The CBRC will make joint effort with other department to diversify the approaches for banks to invest in securities market, said Tang Shuangning, vice chairman of the China Banking Regulatory Commission (CBRC) at a seminar on the implementation of newly-adopted Corporate Law and Securities Law, the the China Securities Journal reported.

More effort will be made to help companies to issue and trade bonds, and expand financing channels for securities companies, said Wu Xiaoling, vice governor of the People's Bank of China (PBC) at the seminar.

The amendment of the Corporate Law and Securities Law will consolidate the base of capital market and enhance the corporate governance and protection of investors' interest, Wu said.

The central bank will improve relevant regulations on information disclosure and credit appraisal, so as to provide better services for corporate bond issuance and trading, Wu said.

The amended Securities Law changed the previous prohibition of bank fund's entry into stock market, giving green light to banks' investment in stock markets.

The CBRC will rectify and improve regulations on financial institutions' shareholding participation, and promulgate regulations on buying shares of banking institutions, said Tang.

The CBRC will enhance management over accounts of commercial banks and supervision of securities companies' accounts, so as to safeguard interest of investors, he said.

Source: Xinhua