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China publishes rules for market making on Shanghai's STAR market

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SHANGHAI : China's securities regulator on Friday published rules to pilot market making on Shanghai's tech-focused STAR Market as part of efforts to improve liquidity.Brokerages applying for such business must have at least 10 billion yuan ($1.47 billion) in net capital, strict internal controls, and tec

SHANGHAI : China's securities regulator on Friday published rules to pilot market making on Shanghai's tech-focused STAR Market as part of efforts to improve liquidity.

Brokerages applying for such business must have at least 10 billion yuan in net capital, strict internal controls, and technology systems that meet regulators' requirements, the China Securities Regulatory Commission said on its website.

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