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CSRC Chairman Liu Shiyu Meets with OECD Secretary-General Angel Gurría
11-09-2017

  

  On September 11, 2017, Mr. Liu Shiyu, Chairman of China Securities Regulatory Commission (CSRC) met with Mr. Angel Gurría, Secretary-General of the Organisation for Economic Co-operation and Development (OECD) at the CSRC headquarters in Beijing. They exchanged views on CSRC's participation in the Corporate Governance Committee of the OECD.

  Mr. Liu said, with the approval of the State Council, CSRC is pleased to accept the invitation by OECD to join the Corporate Governance Committee, and participate in discussions related to the implementation of the G20/OECD Principles of Corporate Governance.

  Listed companies underpin capital markets as they are the most dynamic players. The quality of listed companies can be told from the level of corporate governance. With the inclusion of the A shares into the MSCI Emerging Market Index, and the deepening of the Stock Connect programs, improving corporate governance is now even more crucial as China's capital markets continue to open up. CSRC is currently revising the Code of Corporate Governance for Listed Companies to make constant improvement to the corporate governance of listed companies in line with international standards, Mr. Liu stressed.

  Secretary-General Mr. Gurría pointed out that China is one of the advocators and supporters for the G20/OECD Principles of Cooperate Governance. OECD welcomes the participation of CSRC in the Corporate Governance Committee and looks forward to enhancing communications and cooperation with CSRC. OECD stands ready to support and assist CSRC's efforts by providing expertise, technical resources, personnel training.

  OECD is composed of 35 member countries. Non-member economies could join into its subsidiary bodies as partners. The Corporate Governance Committee is one of the subsidiary bodies within the OECD, mandated to set standards and assess the implementation of the standards on corporate governance.



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