SHANGHAI (Reuters) - China’s securities regulator has published draft rules designed to give stock exchanges more power in regulating the market, Chinese media reported on Saturday.
The China Securities Regulatory Commission (CSRC) released for public comment a revision to an existing policy on the management of stock exchanges, the Shanghai Securities News and Securities Times reported.
The draft rule includes provisions to encourage better supervision by the exchanges of activity and trading in the markets.
CSRC spokeswoman Gao Li was quoted saying that the draft rule reflected lessons learned from stock markets overseas and the volatility in Chinese stock markets in 2015.
The proposed revision would help ensure orderly markets, reduce risk and guard against market manipulation and insider trading, Gao said.
Reporting By Alexandra Harney; Editing by Jacqueline Wong