China's CSRC reforms listing committee

In an effort to improve the transparency and efficiency of China''s stock market, the regulator is making radical changes to the committee that gives final approval for a company to list.

The China Securities Regulatory Commission (CSRC), often staffed by highly trained returnees from the US, is usually seen as squeaky clean. But the planned reforms suggest that all is not well with the 80-strong committe, set up by the CSRC, which makes the final decision as to which company lists.

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