The State Council of China issued the 'Guiding Principles for the Healthy Development of Capital Markets', outlining China's future capital market development in nine major areas. The policy, also 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 China's capital markets, promoting direct-financing, and promoting mixed ownership reform.
doj/DataSet10/EFTA01454162.pdf
{"title":"Guiding Principles for the Healthy Development of Capital Markets","key_people":["Xiao Gang"],"document_date":"May 9","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-0112127","SDNY_GM_00258311","EFTA01454162"]}