CSRC Chair Wu Qing Convenes Beijing Meeting After Third-Quarter Tech Sell-Off
China Securities Regulatory Commission chairman Wu Qing chaired a Saturday gathering in Beijing that drew listed-company executives alongside securities-firm and fund-manager experts, an online statement confirmed, with the stated aim of discussing the country's capital markets and financial conditions. Wu used the session to solicit views and suggestions on the prevailing market environment. The meeting followed a steep third-quarter correction: the CSI 300 Index dropped 12 per cent, dragged lower by a 31 per cent plunge in the tech-heavy Star Market 50 index. The regulator's move signals official concern over the scale of the decline in A-share valuations.
Key facts
- The China Securities Regulatory Commission convened the meeting in Beijing on Saturday
- CSRC chairman Wu Qing chaired the gathering
- Listed-company executives and experts from securities firms and fund managers attended
- The stated purpose was to discuss the country's capital markets and financial conditions
- Wu sought views and suggestions on the current market environment
- The CSI 300 Index fell 12 per cent in the third quarter
- The Star Market 50 index slumped 31 per cent
- The meeting was announced in an online statement
Entities
Artists
- Wu Qing
Institutions
- China Securities Regulatory Commission
- CSRC
Locations
- Beijing
- China