Reforms to overcome weak links in markets

The dozen reforms newly released by China's top securities regulator could go a long way toward addressing major weak links in the country's capital markets and bode well for the market performance of mainland equities, experts said on Wednesday.

The China Securities Regulatory Commission announced 12 main tasks for comprehensively deepening capital market reforms on Tuesday, prioritizing giving full play to the role of the sci-tech innovation board as the test field for reforms of fundamental market rules.

Institutional arrangements that proved effective on the new tech board, including the registration-based initial public offering system, will be gradually adopted across more mainland stock markets, said a CSRC statement.