At an international seminar on Tuesday, officials with the securities regulatory commission listed its top 7 priorities in the continued campaign for market reform.
The first task is to solve the problem of absent ownership in State holding companies, which is a key part of the State assets management reform.
The second one is to supervise the behavior of shareholders, especially the behavior of strong fund holders in listed companies.
The third task is to improve the mechanism used to nominate, select, reward and restrain independent directors so as to fully exert their influence in corporate governance.
In an effort to safeguard the integrity of markets, the regulator also called for further developing the credit evaluation and records system linked to listed firms.
Institutional investors will be given more attention. The newly£launched qualified foreign institutional investors system, known as QFII, is hoped to attract more competent overseas investors.
The sixth task highlights the management of investor relationships, as a new management system to be promoted in corporations.
The regulatory commission's seventh and last task calls for more effective motivation and restraint mechanisms within corporations.
CCTV.com