THE head of China's securities watchdog, Zhou Daojiong, says he would like to see more participation by institutional investors to improve the stability of the country's fledgling stock markets.
The chairman of the China Securities Regulatory Commission said mainland stock markets would become more mature if investment funds were widely held.
'The key to maintaining stability in stock markets was to include a reasonable number of institutions in the investing community,' Mr Zhou was quoted by Xinhua (New China News Agency) as saying yesterday.
'China will pay attention to the experiment with investment funds in the future,' he said.
China has yet to release regulations that will provide for the faster spread of authorised domestic funds to tap the huge potential cash available for stock market investment on the mainland.
The new regulations were expected to be announced by the People's Bank of China last year, but were delayed. They are now expected to be promulgated next year.
