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Cha pleased for her appointment
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LAURA M CHA, newly appointed vice-chairman of the China Securities Regulatory Commission (CSRC), said in Hong Kong on Wednesday that she was pleased to take part in the mainland securities reform, and the work is very meaningful.
Cha, who is scheduled to leave for Beijing in mid-March to take the office, is the first top market regulator outside the Chinese mainland appointed to participate in securities management in the mainland.
The appointment is regarded as part of the government's efforts to strengthen supervision and regulation of the stock market in the mainland.
Before her departure, Cha told Xinhua that it is a rare chance to take part in the market regulatory job in the mainland, where the stock market has recorded an amazingly fast growth since its launch a decade ago.
Some problems appearing in the mainland market are what Hong Kong has experienced, she said, but some are new to the market, and she also needs time to learn and get used to the new circumstances.
Cha joined the Securities and Futures Commission (SFC) of Hong Kong in 1991 and became the executive director in 1994 and the vice-chairman in 1998. She said that the mainland market was not a stranger to her, and that the SFC and CSRC have maintained a close tie for years.
A regulator would disclose as much information as possible to investors and introduce the strictest possible supervision over listed companies, Cha said.
What a regulator pursues is equality, fairness, transparency and creditability, she noted.(Xinhua)
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