China to launch market-making on STAR Market

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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.Qualified brokerages can apply to act as market-makers on STAR, in a pilot scheme that will be steadily expanded, the China Securities Regul

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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