Stock market Illustration: VCG
China’s State Council, the cabinet, on Friday released a sweeping guideline, only the third of its kind, to strengthen regulation, tackle risks and promote the high-quality development of the capital market, as the country moves to build itself into a global financial powerhouse.
Following the release of the guideline, which mapped out plans to boost the capital market through 2035, Chinese securities regulators and stock exchanges also issued multiple notices for regulations in various areas such as IPO application, delisting of unqualified companies and high-frequency trading.
The move on Friday showed the…
