A draft amendment to China's Securities Law was adopted on Saturday by the country's top legislature and will come into effect from March 2020.
It was approved at the end of a six-day bimonthly session of the National People's Congress Standing Committee.
The latest revisions to the law include rules on information disclosure, registration-based initial public offering (IPO) system and more severe punishment for market violations, and insider trading.
It is regarded as a milestone in China's capital market reform that will bring profound changes to the market ecology and better escort the reform and development of the capital market.
