CSRC embarks on restructure
The China Securities Regulatory Commission has merged eight departments and added four in response to the swift development of the country's capital markets and funds industry.
China’s securities regulator announced a long-expected restructuring on Friday, which will entail the creation of four new departments and the merger of eight existing ones into four.
The new departments at the China Securities Regulatory Commission (CSRC) are: bond investment; innovative businesses; private funds; and a division to combat illegal securities and futures trading.
Meanwhile, the two units for listed companies supervision have been merged, as have the two for futur…
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