The document discusses reforms in China's stock market, including the shift from an approval-based to a registration-based stock issuance system, accompanied by new IPO rules. It highlights efforts to crack down on insider trading, enhance information disclosure, improve the delisting regime, and support pension fund investments through preferential tax policies. The State Council aims to foster private equity and venture capital markets, encouraging support for SMEs and emerging industries. The document also covers mixed ownership reform in SOEs, promoting private capital investment and M&A activities. It emphasizes balancing innovation, development, and financial risk prevention in China's capital markets.
doj/DataSet10/EFTA01454197.pdf
{"key_people":["State Council","CSRC"],"document_type":"correspondence","key_locations":["China"],"key_organizations":["Securities Association of China"]}