By Ma Nan
China is not ready to introduce high-frequency trading (HFT), Wu Xiaoling, former deputy governor of the People’s Bank of China, said at the 37th annual conference of the International Organization of Securities Commissions in Beijing.
Wu, also deputy director of the Financial and Economic Affairs Committee and a Standing Committee Member, said that while HFT may technically boost the market’s efficiency, it is not clear whether it will echo the government’s desire to consolidate investment based on value in the capital market, Reuters reported.
financial and economic affairs committee, international organization of securities commissions in beijing, wu xiaoling, bank of china, reuters, financial regulation, corporate crime, u.s. securities and exchange commission, international organization of securities commissions, thomson reuters group ltd, deputy director, deputy governor
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