Guo pledges to clean up China's securities mart

Experts warn that CSRC needs an improved regulatory framework

SHANGHAI - "A new broom sweeping clean" is how some analysts have described the recent high-profile crackdown on market irregularities by China's newly appointed top securities regulator.

But they also warned Guo Shuqing, the new chairman of the China Securities Regulatory Commission (CSRC), that a more robust regulatory framework is urgently needed, along with the resolution to tackle wrongdoing in China's securities market.