The State Council of China issued the 'Guiding Principles for the Healthy Development of Capital Markets', outlining roadmaps for China's capital market development in nine areas, including stock and bond markets, private equity, and market regulation. The policy, known as the 'New National Nine Rules', aims to establish multi-layer capital markets, encourage efficient capital allocation, and promote economic restructuring. Key reforms include opening up capital markets, promoting direct financing, and fostering private equity and venture capital funds.
doj/DataSet10/EFTA01454155.pdf
{"title":"Guiding Principles for the Healthy Development of Capital Markets","key_people":["Xiao Gang"],"document_date":"2014-05-11","document_type":"correspondence","key_locations":["China","Shanghai","Hong Kong"],"document_subtype":"report","key_organizations":["State Council of China","CSRC","Securities Association of China"],"reference_numbers":["DB-SDNY-0112117","SDNY_GM_00258301","EFTA01454155"]}