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Securities Regulator Seeks to Favor Impoverished Counties
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
(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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