Steer clear of stock market just kind advice: CSRC

Beijing (CNS) – "As a regulatory authority, we guide investors to pick financial products and strategies in line with their risk affordability," a source from China Securities Regulatory Commission (CSRC) said on February 22 in response to concerns about the influence wielded by the authority.

He emphasized that the suggestion made by an official from the CSRC during a public speech days ago was kind advice rather than a warning or directive. The official remarked that low-income people had better not put their money into the stock market, and he was accused by web users of discriminating against ordinary investors.

The source said the CSRC acts in the interests of the state and the people, "Investors can use reminders about the risks involved, and we act out of concern, not personal prejudice."