China's securities regulator issues rules to shore up investor protection

Shanghai

CHINA'S securities regulator has stepped up efforts to protect investors' interests, publishing a set of "know your customer" rules on Wednesday that restrict financial institutions from selling risky products to inexperienced investors.

The investor suitability rules, which apply to securities and futures products, were published at a time when China's hedge fund industry has boomed, while the government is promoting wealth management investment in commodities.