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China's financial watchdog, the securities regulatory commission, has stepped up investigations into local brokerage firms in recent weeks.
Fang Xinghai, vice-chairman of China's securities regulatory commission, was sitting alongside Lagarde when he said: "I am here to communicate".
In July, the ministry of public security said it would help the China securities regulatory commission investigate evidence of "malicious" short selling of stocks and indexes.
The China securities regulatory commission also defended the functioning of the new "circuit breaker" policy that caused Chinese stock markets to suspend trade on Monday, triggering the mechanism on the very first day it came into effect.
"To shield the securities regulatory regime from encroachment by the Sherman Act, only to expose that regime to assault by a swarm of state antitrust claims, would shatter the federal regulatory framework for national securities markets," he wrote.
President Wahid named a former head of Indonesia's securities regulatory agency, I Putu Gde Ary Suta, as the agency's new chairman, the sixth boss since it was set up in 1998.
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The listing committee of China's securities watchdog agency approved the share sale yesterday, the China Securities Regulatory Commission said on its Web site.
The country's securities watchdog, the China Securities Regulatory Commission, said on Friday it was probing the impact of automated trading on stock markets.
To help minimize that risk, under the proposal it is now considering, Hong Kong would allow in only Chinese auditors who have passed muster with China's Finance Ministry and the securities regulator, the China Securities Regulatory Commission.
The China Securities Regulatory Commission in Beijing did not respond to inquiries.
One positive sign was that the China Securities Regulatory Commission took part in the talks.
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