China’s top securities regulator is taking measures to curb the impact of the coronavirus outbreak on the domestic stock market.
On 28 January the China Securities Regulatory Commission (CSRC) issued a notice to all of the country’s exchanges, securities funds and listed companies, containing instructions on how to appropriately respond to and deal with the coronavirus.
The notice calls for “actively guiding investors to rationally and objectively assess the impacts of the disease,” as well as “uphold the concepts of long-term investment and value investment.”
CSRC called for members of the Chinese securities sector to “maintain operational stability, formulate targeted, pragmatic and feasible operations emergency advance plans, and ensure the secure and stable operation of the transaction and settlement system,” highlighting in particular the need to arrange for back-up staff to take over key positions in the case of emergency.
China’s Banking Regulator Commits to Maintenance of Financial Services During Coronavirus Outbreak