Strengthen the legal framework of Chinese financial markets

In a coordinated effort to strengthen their integrity , the competent authorities have made public a dynamic framework for controlling financial fraud and also for strengthening the discipline of the financial transaction framework . The circular was issued by the Ministry of Finance of China, the Chinese central bank, the National Financial Regulations Agency, but also the State Property Management Committee of the State Council. The same circular highlights the ongoing fight against illegal activities within the financial markets, including the illegal issuance of shares and bonds, calling for the dynamic strengthening of the review of instruments governing the issuance and management of securities.