CX Daily: China Amps Up Scrutiny of Freewheeling Securities Firms

Securities /

In Depth: China amps up scrutiny of freewheeling securities firms

China’s securities firms are witnessing a stricter regulatory environment as the country’s top securities watchdog has increased scrutiny of their capital-intensive activities and internal workings.

The China Securities Regulatory Commission (CSRC) in May revised rules to strengthen the supervision of listed securities firms, stipulating that they should focus on their core businesses while capital-intensive activities should be conducted with caution.