CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. CSRC Unveils Listing Committee Reforms

CSRC Unveils Listing Committee Reforms

by Mary Swire, for LawAndTax-News.com, Hong Kong

15 December 2003


The China Securities Regulatory Commission (CSRC) on Thursday unveiled reforms designed to increase the transparency and accountability of its listing committee, and thus improve the somewhat uneven quality of mainland China's listed companies.

Among the changes announced last week was the reduction of the size of the committee from 80 people (traditionally comprising many government officials) to 25, to include 5 CSRC officials, with the remaining 20 members drawn from government agencies, the finance industry, institutional investors, stock exchanges, academic institutions, and overseas industry bodies.

The new listing committee will reportedly be better informed with regard to accounting, securities, and regulation of the investment sector, and will include 13 full time members.

The CSRC also revealed that it will announce the identities of officials involved in listing hearings beforehand in order to allow candidates to identify any potential conflicts of interest. It will additionally no longer permit committee members to vote anonymously, in order to allow any inconsistencies in the committee's decisions to be clearly visible.


To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »