China Stock Watchdog Vows to Heed Market Criticisms to Avert $5 Trillion Rout

(Bloomberg) — China’s securities regulator said it will take heed of all suggestions, even criticism, from market participants and address their concerns promptly, a rare gesture that underlines its resolve to shore up the nation’s $8.6 trillion stock market.

The China Securities Regulatory Commission (CSRC), led by new chairman Wu Qing, will treat opinions, suggestions and criticism from all parties seriously and implement the feasible ones immediately, it said in a statement after a series of seminars with retail and institutional investors, listed companies and foreign institutions held over the past two days.