CSRC to Tighten Oversight of Regional Securities Exchanges

(Beijing) — China's top securities regulator is stepping up oversight of the country's so-called "fourth board" — regional exchanges in which private company shares are issued and traded — in a move toward a more-unified supervision of capital markets.

People close to the China Securities Regulatory Commission (CSRC) told Caixin that after consulting provincial-level governments, regulators have already submitted to the State Council, China's cabinet, a draft of regulations that will cover regional exchanges and trading platforms. Final approval is expected later this month.