IN BRIEF (Page 4)

Beijing

Reforms set to fine-tune market

Four ministries have vowed to accelerate reforms to promote listed companies to merge and regroup, and encouraged them to distribute dividends in cash and buy back their own shares. The document was released on Monday night by the China Securities Regulatory Commission, Ministry of Finance, State-owned Asset Supervision and Administration Commission, and Banking Regulatory Commission, and aims to raise efficiency of the capital market.