Regulators must protect small investors
FAN YUN, a deputy to the National People's Congress, the nation's top legislature, asked Yi Huiman, chairman of the China Securities Regulatory Commission, to regulate the A-share market so that small investors do not fall prey to opportunistic capital. China Daily writer Zhang Zhouxiang comments:
Fan is well known for her bold remarks. According to a video clip widely spread online, her original words to Yi were: "The harshest penalty of the Securities Law for illegal behavior is only 600,000 yuan ($89,264), which is hardly sufficient to deter opportunistic capital."
The words of Fan made a buzz online. Even People's Daily applauded her via its official micro blog, saying that she "has hit the point" and called for more measures to regulate the A-share market.
