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CCP Introduces Capital Market Reforms Amidst Looming Economic Crisis, Expert Skeptical

The China Securities Regulatory Commission (CSRC) has put forward several proposals on August 18 to rejuvenate China’s stock market, amidst the international community’s mounting concerns regarding the sluggish Chinese economy and its global impact.
The CSRC’s reform measures encompass reducing securities transaction handling fees and simultaneously lowering the commission rate of securities companies. They also involve expanding the scope of margin financing and securities lending targets, enhancing the shareholding reduction system, optimizing transaction supervision, and increasing the convenience and smoothness of transactions. Additionally, the CSRC is conducting research on appropriately extending the trading hours of the A-share market and the exchange bond market.

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