Thursday, April 09, 2009

Tighter Oversight Of Brokerages Via Transparent Info

CHINA will strengthen oversight of listed securities companies by promoting information transparency.

On Saturday, the China Securities Regulatory Commission issued a regulation which said brokerages should remind investors about potential risks when shareholders decide to launch a new business or introduce an innovative business.

The annual and half-year reports by listed brokerages should include risk assessment conditions and reasons for risks and any probable effects.

Brokerages were also asked to deliver a supervision and monitoring annual report which includes audit and accounting information.

No comments:

Enter your email address:

Delivered by FeedBurner