Changes on the Way.docVIP

Changes on the Way 　　Two weeks after the Third Plenary Session of the 18th Central Committee of the Communist Party of China （CPC） which promised the boldest reforms in the world’s second largest economy， China’s securities regulator became the first to dash toward that goal by announcing a market-oriented reform for the stock markets. 　　The China Securities Regulatory Commission （CSRC） on November 30 released four documents on regulating stock markets， including measures for market-based change in the initial public offering （IPO） issuance mechanism， preferred shares， better protection of in