Chinese securities regulator approves first batch of market makers for STAR Market

Chinese securities regulator approves first batch of market makers for STAR Market

(This story was rewritten on September 17th to show approval of STAR Market makers in the headline)

SHANGHAI (Reuters) – (This story was replayed on Sept. 17 to show approval for STAR Market makers in the headline)

The Chinese securities regulator has approved the first batch of market makers in the technology-focused STAR market, in order to improve liquidity and deepen reform.

Among the list of eight brokers are Huatai Securities, Goosen Securities, Orient Securities and China Securities, according to data from the China Securities Regulatory Commission (CSRC).

The CSRC said in January it would experiment with market making on the Shanghai Nasdaq, where brokers offer active prices in securities, provide liquidity and depth to markets, while benefiting from the difference in bid-ask spread.

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