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Nation to revise governance rules

China is revising regulations on corporate governance of listed company, following international standards, according to the nation's securities watchdog. The China Securities Regulatory Commission will join the corporate governance committee at the Organization for Economic Co-operation and Development, approved by the State Council, said Liu Shiyu, chairman of the CSRC, on Monday when he met OECD Secretary-General Angel Gurria. As the A-shares has been included into the MSCI Index, and the connections between the mainland and Hong Kong capital market have been strengthened, the new standards are required as China further opens up its capital market, said Liu. Higher corporate governance standard will encourage the improvement of companies' quality as the foundation of capital market development, he added.