ckdown on bre上海楼凤品茶微信aches by listed firms, which is conducive to boosting investor confidence for the STAR Market,” he said.
For instance, the guideline calls for stricter criminal liability for issuers and intermediaries tha
t engage in fraudulent floats, and identifies the civil liability of brokerages in reviewing investors’ su
itability to shield those unable to deal with the risks of investing in high-tech companies.
According to Liu, it is of great importance to strengthen the protection of investors in the new board.
“It’s not only because inadequate investor protection has been a bane of the whole A-share market, but also becau
se innovations on the new board could induce risks that could be prevented by a sound judicial system.”