China securities regulator approves first batch of market makers

China Securities Co

17/09/2022 04:13

SHANGHAI, Sept 17 (Reuters) - China's securities regulator
approved the first batch of market makers on the tech-focused
STAR Market, in order to improve liquidity and deepen reform. 
    Huatai Securities  601688.SS , Guosen Securities
 002736.SZ , Orient Securities  600958.SS  and China Securities
 601066.SS  are among the list of eight brokers, according to
statements from the China Securities Regulatory Commission
(CSRC).
    The CSRC said in January it would pilot market-making on the
Shanghai's Nasdaq-style market, in which brokerages actively
quotes in a security, providing liquidity and depth to markets,
while profiting from the difference in the bid-ask spread.
 urn:newsml:reuters.com:*:nL1N2TN0IJ
    

 (Reporting by Shanghai Newsroom; Editing by Lincoln Feast.)
 ((Jason.Xue@thomsonreuters.com;))