Regulatory updates planned for China's securities market

China's top securities regulator announced on Friday a plan to revise major regulations for the country's securities market.

The China Securities Regulatory Commission plans to modify up to 32 regulations this year, including delisting rules and regulations that target private equity funds, futures brokerages and foreign securities investment firms, according to CSRC spokesman Chang Depeng.

The regulator also vowed to strengthen regulation on stakeholding of the country's securities firms and to fully apply regulations on shareholders' backgrounds and capital sources.