CSRC speeds up tougher backdoor listing regulations

China's securities regulator said on Friday that it is speeding up the development of revised regulations on the major asset restructuring of listed companies, which will curb speculative backdoor listings.

Zhang Xiaojun, a spokesman of the China Securities Regulatory Commission, said that the commission is studying suggestions from the public and will promulgate the regulations later.

The CSRC sought public comments on the draft of revised regulations on the major asset restructuring of listed companies from June 17 to July 17, and is now working to finalize the rules.