China Tightens Stock Market Rules to Control Risks, Aid Recovery
• China vows to tighten stock listing criteria and corporate governance rules to control risks • Aims to ensure high quality development of listed companies and crack down on illegal share sales • Will promote entry of medium-to-long term funds into the market • Measures come as equity market has struggled to extend a rebound recently • Policies aim to aid recovery, but market has lost momentum due to earnings and economy uncertainties