Caixin Global普通文章POLITICS & LAW Securities Regulator Seeks to Favor Impoverished Counties
09.13.2016 16:46

Securities Regulator Seeks to Favor Impoverished Counties

Critics of poverty-alleviation policy say CSRC should focus instead on ensuring level playing field for companies, investors
By Wang Yuqian
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(Beijing) – Among the many missions China's securities regulator has set for itself, one stands out as a little unusual: poverty alleviation.

As recently as last week, the China Securities Regulatory Commission (CSRC) described the goal as a "noble political duty" when it released rules to fast-track equity and bond issuances for companies operating in "impoverished" counties.

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