Arab Today, arab today china regulator admits shortcomings after market turmoil
Last Updated : GMT 16:19:21
Arab Today, arab today
Arab Today, arab today

China regulator admits 'shortcomings' after market turmoil

Arab Today, arab today

Arab Today, arab today China regulator admits 'shortcomings' after market turmoil

The abnormal fluctuations on the stock exchanges have revealed the immaturity of the Chinese markets
Beijing - AFP

The head of China's market regulator issued an unusual apology today for volatility in the country's markets, acknowledging "shortcomings" in the way they have been supervised.

"The abnormal fluctuations on the stock exchanges have revealed the immaturity of the Chinese markets, inexperienced traders and a trading system that is imperfect," said Xiao Gang, head of the China Securities Regulatory Commission (CSRC).

"They also exposed shortcomings in the supervision

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