China's securities regulator strengthens regulation on brokerages

Kitco Media
By Reuters
Published:
Updated:
Reuters
SHANGHAI, March 31 (Reuters) - China's securities regulator on Friday issued draft rules to strengthen the regulation of securities brokers, in a bid to improve the country's financial regulatory system and prevent systemic risks. The China Securities Regulatory Commission (CSRC) said in a statement it will implement prudential supervision principles and enhance risk prevention. (Reporting by Shanghai Newsroom Editing by Raissa Kasolowsky)

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