Chinese Regulator to Help Private Companies to Raise Capital

The China Securities Regulatory Commission will modify rules to help privately owned companies to raise capital, part of government efforts to aid smaller businesses struggling for funds.

The regulator will support sales of bonds and public shares by private companies, and encourage them to list overseas, the CSRC said in a statement on its website yesterday. The government will also speed up the establishment of an over-the-counter market and encourage private investment in securities and futures brokerages, it said.