China securities regulator calls for more investor protection

Liu Shiyu, Chairman of China Securities Regulatory Commission (CSRC), attends a news conference on the sidelines of the National People's Congress (NPC) in Beijing, China, March 12, 2016. [Photo/Agencies]

BEIJING - The securities regulator has called for more investor protection to ensure the healthy development of the capital market.

Liu Shiyu, chairman of China Securities Regulatory Commission (CSRC), made the call at a symposium held with securities and fund firms in Shenzhen on Saturday.

The symposium was the first time Liu has spoken with the leaders of market players since his inauguration in February. The aim of the dialog was to solicit advice and suggestions.

"Institutions should put more emphasis on the protection of investors' legitimate rights and contribute to the healthy development of the capital market," said Liu.

He ordered the market players to do businesses in accordance with the principle of prudent operation, and honestly and responsibly fulfill their legal duties.

Leaders from six securities firms and two fund companies were present at the symposium.