New regulations issued by China’s Supreme Court provide channels for small and medium investors to pursue joint litigation in securities disputes.
The guidelines are aimed at further regulating the establishment, operation and governance of index funds and protecting investors.
The changes are aimed at promoting the high-quality development of the public fund industry so that it can better serve the real economy.
The transitional period for new rules for the asset management sector will be extended by one year to end-2021, the PBOC said.
The new regulations maintain the overall framework of the regulatory system of classification and focus on optimising the CSRC’s evaluation indexes to address practical issues.