Apr 15, 2024 08:07 PM

FINANCE

China Targets High-Frequency Trading in Wake of Market Turmoil

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The China Securities Regulatory Commission's headquarters. Photo: VCG

The China Securities Regulatory Commission's headquarters. Photo: VCG

China’s top securities regulator aims to improve oversight over a controversial trading method whose operators have been blamed for fueling market turmoil.

The Rules for Managing Program Trading in the Securities Market, a draft of which the China Securities Regulatory Commission (CSRC) released Friday, aim to strengthen supervision over such trading, promote its orderly development and maintain market fairness, the CSRC announced. The draft is open for public comment until April 27, according to the announcement.

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