The Chinese mainland is set to accelerate a new round of capital market reform and opening up, aiming to strengthen the foundation for a healthy stock market, Wu Qing, head of the China Securities Regulatory Commission (CSRC), announced at a press conference on the sidelines of the third session of the 14th National People's Congress in Beijing.
Wu emphasized that the reforms will focus on enhancing market inclusiveness, improving the coordination between investment and financing development, deepening the effectiveness of supervision and law enforcement, and promoting the adaptability of the market's fundamental institutions.
This strategic move underscores the Chinese mainland's commitment to creating a more robust and resilient financial system, fostering an environment conducive to sustainable economic growth and increased investor confidence.
Reference(s):
China to accelerate new round of capital market reform and opening up
cgtn.com
