China’s stock market has bounced off five-year lows hit in February after Wu became CSRC chairman and announced a slew of market-boosting measures, but the rebound has been loosing steam in recent weeks amid concerns over China’s economic health. — Reuters picSHANGHAI, June 19 — China’s securities regulator said on Wednesday it will unveil fresh measures to deepen reform of Shanghai’s tech-focused STAR market, as part of efforts to improve listed company quality and attract long-term capital.
“We will go all out to promote high-quality development of China’s capital market,” Wu said in a speech at the annual Lujiazui Forum.China’s stock market has bounced off five-year lows hit in February after Wu became CSRC chairman and announced a slew of market-boosting measures, but the rebound has been loosing steam in recent weeks amid concerns over China’s economic health.
Wu said on Wednesday that regulators will publish eight new measures to deepen STAR market reform, with a focus on promoting hard-core technologies. But he didn’t give details.The CSRC will also support listed companies to enhance technology competitiveness through merges and acquisitions, as well as other capital market tools, he said.