Cabinet calls for new, more open share listing system

The State Council, China's cabinet, said in a wide-ranging statement of policy principles released on Friday night that China should build a new share listing system centered on greater disclosure of information.

Issuers and intermediaries should be responsible for the truth, accuracy, completeness and immediacy of information, the council said.

The statement also said it is important to build and perfect a market-oriented and diversified delisting system.