The amended Securities Law is required for establishing a protection fund for stock investors, said a major official involved in drafting the revised law. The law is currently under the deliberation of Chinese top legislators.
“This is one of the major measures to protect interests of stock investors, mainly small and medium-sized investors,” said Xu Jian, a senior official from the Financial and Economic Committee of the National People’s Congress (NPC), in an interview with China Daily.
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