China Plans to Guarantee Funds |
http://www.sina.com.cn 2004/03/17 11:04 Shanghai Daily |
China's stock market regulator plans to form a fund to compensate customers of brokerage firms that go bankrupt, the 21st Century Business Herald reported. The China Securities Regulatory Commission has submitted a proposal to the People's Bank of China and Ministry of Finance that would guarantee investor deposits totaling about 10 billion yuan (US$1.2 billion). |
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