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Aside from tightened control of public listings, the CSRC also created severe punishments to deter market violations and make the capital market function properly.

At 9:40 a.m. ET, the Dow Jones Industrial Average was down 300.90 points, or 1.20 percent, at 24,686.57. The S&P 500 was down 20.32 points, or 0.73 percent, at 2,753.43 and the Nasdaq Composite was down 57.32 points, or 0.74 percent, at 7,689.70.

At HSBC's booth, the bank's global network helps it demonstrate its cross-border financial services, which are especially popular among outbound Chinese businesses and individuals studying, working or traveling overseas.

Asset management institutions, including private equity funds, are encouraged by the CSRC to set up equity investment funds, venture capital funds and bond investment funds to participate in mergers and restructuring of privately-owned enterprises.

Asked about the upcoming meeting of leaders from the Asia-Pacific Economic Cooperation (APEC), taking place Nov. 17 and 18, Vizcarra said Peru will continue to promote open markets.