SHANGHAI :China's securities regulator said on Friday it will pilot market-making on Shanghai's Nasdaq-style STAR Market in a bid to deepen reforms and improve liquidity.
CSRC also published corresponding draft rules on market-making, in which brokerages actively quotes in a security, providing liquidity and depth to markets, while profiting from the difference in the bid-ask spread. STAR, set up in 2019 to fund China's technical innovation,, currently hosts 379 listed companies worth a total of 5.3 trillion yuan in market value.
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