<p>China's top securities regulator defended their crackdown on various industries in a private meeting with Wall Street executives, <em>Bloomberg News</em> reported on Saturday.</p>.<p>Investors' concerns over the regulatory crackdown has led to sharp sell-offs on China's share markets, reducing the market capitalisation of some of its largest companies including Alibaba Group Holding Limited.</p>.<p>China Securities Regulatory Commission (CSRC) Vice Chairman Fang Xinghai explained during the meeting that recent actions were taken to strengthen regulations for companies with consumer-facing platforms, and improve data privacy and national security, the <a href="https://bloom.bg/39iLhKH" target="_blank">report</a> said, citing people familiar with the matter.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/international/china-tells-alibaba-tencent-to-open-platforms-up-to-each-other-1029283.html" target="_blank">China tells Alibaba, Tencent to open platforms up to each other</a></strong></p>.<p>The three-hour meeting of the China-US Financial Roundtable on Thursday included the head of the People's Bank of China, and executives from Goldman Sachs Group Inc , Citadel and other Wall Street powerhouses, <em>Bloomberg</em> reported.</p>.<p>The CSRC could not be immediately reached for a comment. Goldman Sachs declined to comment while Citadel did not immediately respond to a request for comment.</p>.<p>Global investors have been spooked in recent months by a flurry of Chinese regulations targeting sectors ranging from technology, gaming and private tutoring.</p>.<p>Fang said the regulator's actions in the education and gaming sectors were aimed at reducing anxiety in society, according to the report.</p>.<p><strong>Check out latest DH videos here</strong></p>
<p>China's top securities regulator defended their crackdown on various industries in a private meeting with Wall Street executives, <em>Bloomberg News</em> reported on Saturday.</p>.<p>Investors' concerns over the regulatory crackdown has led to sharp sell-offs on China's share markets, reducing the market capitalisation of some of its largest companies including Alibaba Group Holding Limited.</p>.<p>China Securities Regulatory Commission (CSRC) Vice Chairman Fang Xinghai explained during the meeting that recent actions were taken to strengthen regulations for companies with consumer-facing platforms, and improve data privacy and national security, the <a href="https://bloom.bg/39iLhKH" target="_blank">report</a> said, citing people familiar with the matter.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/international/china-tells-alibaba-tencent-to-open-platforms-up-to-each-other-1029283.html" target="_blank">China tells Alibaba, Tencent to open platforms up to each other</a></strong></p>.<p>The three-hour meeting of the China-US Financial Roundtable on Thursday included the head of the People's Bank of China, and executives from Goldman Sachs Group Inc , Citadel and other Wall Street powerhouses, <em>Bloomberg</em> reported.</p>.<p>The CSRC could not be immediately reached for a comment. Goldman Sachs declined to comment while Citadel did not immediately respond to a request for comment.</p>.<p>Global investors have been spooked in recent months by a flurry of Chinese regulations targeting sectors ranging from technology, gaming and private tutoring.</p>.<p>Fang said the regulator's actions in the education and gaming sectors were aimed at reducing anxiety in society, according to the report.</p>.<p><strong>Check out latest DH videos here</strong></p>