The Provisional Regulations on the Examination and Approval of the Business Scope of Securities Companies, promulgated by the China Securities Regulatory Commission (CSRC), took effect on December 1 2008. The Provisional Regulations signal the CSRC's willingness to relax the regulations amidst the general pessimism of the China stock market as one of the world's worst performing stock markets in 2008.
March 01 2009