Securities Regulator Urges Local Gov'ts to Deal with Illegal Exchanges

(Beijing) – China's top securities regulator called upon local governments in its nationwide campaign against illegal futures exchanges which have popped up in China in recent years during a recent government conference.

The meeting attended by various government departments, was led by the Chairman of the China Securities Regulatory Commission, Guo Shuqing. He also made clear that local governments will be asked to play a larger role in the inspection and enforcement of regulations.