China's State Council has introduced a new set of guidelines aimed at fortifying the regulation, preventing potential risks, and fostering high-quality development within the country's capital market.
This marks the third such guideline issued by the State Council in the past two decades, with previous releases in 2004 and 2014, signaling a sustained commitment to regulatory oversight.
The guidelines emphasize the importance of building a capital market that is secure, regulated, transparent, open, dynamic, and resilient. By focusing on these areas, China aims to harness the full potential of its capital market, contributing to the creation of a robust financial sector.
These efforts are part of a broader strategy to advance Chinese modernization, ensuring that the financial system supports the country's long-term economic goals.
Reference(s):
China to strengthen capital market regulation, risk prevention
cgtn.com
