‘We will build a capital market with Chinese characteristics so the market can allocate resources effectively,’ said Yi Huiman, chairman of the CSRC. Photo: Simon Song
‘We will build a capital market with Chinese characteristics so the market can allocate resources effectively,’ said Yi Huiman, chairman of the CSRC. Photo: Simon Song

State-owned companies surge as China’s top regulator pledges to build ‘capital market with Chinese characteristics’

  • New system will better reflect the valuation of listed companies, said Yi Huiman, chairman of the China Securities Regulatory Commission
  • China Railway Construction Corporation, China Communications Construction Company and China Haisum Engineering all jumped by the daily limit