BEIJING - China's Securities Regulatory Commission (CSRC) announced on Thursday that it has issued a guideline to stimulate innovation in securities businesses.
Securities institutions should support the real economy while exploring new services and products, the guideline said.
They should also give priority to help medium-sized, small and micro enterprises and the modern service industry, while improving competitiveness of the securities sector, the commission said.
The guideline urged full use of the market in upgrading business operations and encouraged the spirit of initiative.
The CSRC warned of financial difficulties ahead and stressed the importance of risk controls.
The guideline set three main targets. These are building modern investment banks with broader channels and cross-border banking, supporting new products in asset management, bulk stock, derivatives and private equity, as well as upgrading supervision with easier access.
Senior officials urge fixing excess financial innovations
Chinese shares up on capital market guidelines
Premier calls for financial innovation
Financial reform 'one of China's easiest'
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
