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China's securities regulator rolls out new package of rules to safeguard investors

China

China's securities regulator rolls out new package of rules to safeguard investors
China

China

China's securities regulator rolls out new package of rules to safeguard investors

2024-05-16 20:35 Last Updated At:22:27

China Securities Regulatory Commission (CSRC), the country's top securities regulator, rolled out a new package of 10 sets of rules to safeguard investors in the securities market on Wednesday -- the National Investors Protection Publicity Day of China.

The new package of rules include the Provisions for Administration over Programmed Transactions in Securities Market (for Trial Implementation), the Guidance on Application of Regulatory Rules, and the Work Plan for Improving the Diversified Resolution Mechanism of Securities and Futures Disputes and Further Promoting the Governance of Litigation Sources issued by the CSRC, and sets of institutional rules worked out by the Shanghai Stock Exchange, the Securities Association of China and China Securities Small and Medium Investors Service Center, aimed at improving the quality and satisfaction of comprehensive services for investors.

"We have issued a series of institutional rules which fully reflect the clear orientation on safeguarding investors. We will consistently implement the rules as we have always done, and work to safeguard investors in every aspect and throughout the whole process of capital market institutional development and regulatory enforcement of law," said Wu Qing, chairman of the CSRC.

China's securities regulator rolls out new package of rules to safeguard investors

China's securities regulator rolls out new package of rules to safeguard investors

Russia claimed on Wednesday that its forces attacked the ammunition depots of Ukraine, while the Ukrainian said they destroyed military equipment of Russia, according to their latest updates on the conflict.

The Russian Defense Ministry said in a briefing released on Wednesday that its military gained advantageous positions in multiple areas, striking Ukrainian ammunition depots, artillery systems, and other targets.

They also intercepted rockets, aerial bombs, and drones launched by Ukraine, said the Defense Ministry.

On the same day, the General Staff of the Armed Forces of Ukraine reported that Ukrainian forces were engaged in combat with the Russian military in various directions, including Pokrovsk.

They launched powerful strikes against Russia, resulting in the destruction of Russian personnel and weaponry, it added.

A spokesperson from the Zaporizhzhia nuclear power plant stated that the city of Energodar, where the nuclear power plant is situated, experienced a power outage due to the Ukrainian drone attack on a local substation, according to a report by Russia's TASS news agency on Wednesday.

But operation of the nuclear plant was not affected, said the report.

Following the drone attack, Ukrainian armed forces commenced artillery bombardment on the city, said a TASS report.

Russia strikes Ukrainian ammunition depots, Ukraine destroys Russian military equipment

Russia strikes Ukrainian ammunition depots, Ukraine destroys Russian military equipment

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