Last week, the US stock market dragged down China's stock market crash. Liu Shiyu, chairman of the China Securities Regulatory Commission (CSRC), held a forum on investors on Sunday, pointing out that measures to reform and open up the capital market, comprehensive and stringent regulatory measures in accordance with the law should be organically combined with stabilizing confidence and boosting confidence, and that innovation should be strengthened in terms of systems and tools to effectively support the development of private enterprises.
Liu Shiyu visited the business department of Beijing Dongzhimen South Street of CITIC Construction Investment Securities Co. on Sunday to hold a forum for investors to listen to their opinions and suggestions on the reform and development of the capital market. China Securities Daily quoted it as pointing out that the SFC will adhere to the market-oriented, rule of law, the international direction of unshakable, and continue to promote the deepening of capital market reform, comprehensive opening up, mature one, launched one.
The participants believed that the most important thing is to deepen reform and expand the opening up to the outside world as the main line to boost market confidence. We should enhance the strategic position of the stock market, deepen the reform of state-owned enterprises, develop mixed ownership and improve the quality of listed companies.
They also suggest that we should improve the basic system including the trading system, reduce tax concessions to support the development of private equity funds, guide long-term investment behavior, cultivate institutional investors, promote long-term capital market entry, and strengthen counter-cyclical awareness of macro-management and regulatory departments and market investors, so as to promote the stable and healthy development of the capital market.
Liu Shiyu said, "The SFC has always attached great importance to the voice from the front line of the market. The suggestions put forward today are valuable for enriching and perfecting the capital market and deepening the reform and opening up package."

<>After the collapse of China's stock market, the chairman of the SFC opened an in

 

PREVIOUS:In the first three quarters of this year, RMB imports and exports increased by 1        NEXT:The president of the Bank of Japan said it would withdraw from QE through intere