IN BRIEF (Page 9)

Red tape cut for new listings

The China Securities Regulatory Commission is scrapping approvals for new exchange-product listings, signaling accelerating efforts to cut administrative red tape before planned reforms of initial public offerings. New securities products can be listed on stock or futures exchanges without the endorsement of the CSRC, according to a statement on the website of the State Council, China's cabinet. The revision or termination of futures contracts and bond sales on the interbank market will no longer need regulatory endorsement, the cabinet said.

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