Investors have urged the China Securities Regulatory Commission (CSRC) to boost its overall transparency and market supervision, singling out its ambiguous policies towards the over-the-counter (OTC) market as worries grow over its imminent closure.
The Shanghai Securities News reported yesterday that the future of the OTC market was among the main queries of investors calling and writing to the CSRC.
Since it opened telephone hotlines and a letter box to the public on May 28, the watchdog had received more than 2,300 telephone queries and 645 letters.
There have been persistent rumours that OTC trading would be ordered to halt this year.
Investors demanded greater transparency from the CSRC about its plans to clean up the OTC market, so as to eliminate the doubt and panic caused by unclear policies, the report said.
They also hoped the CSRC would take into account their benefits in a possible crackdown on OTC trading.
Rumours of the ban had triggered fears among investors, causing a slide in OTC share prices, sources said.