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A draft amendment to China's Securities Law was adopted on Saturday by the country's top legislature and will come into effect from March 2020. It was approved at the end of a six-day bimonthly session of the National People's Congress Standing Committee. The latest revisions to the law include rules on information disclosure, registration-based initial public offering (IPO) system and more severe punishment for market violations, and insider trading. It is regarded as a milestone in China's capital market reform that will bring profound changes to the market ecology and better escort the reform and development of the capital market. |
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