Chairman of the China securities regulatory commission ShangFuLin 30 in honor of capital market established the 20th anniversary of the symposium, said China capital market has 2062 listed companies, 130 million households investors, stock market capitalization occupy global second, commodity futures market volume ranked first in the world.

He says China, China's capital market based in 20 years, broaden the financing channels, to promote the capital formation, optimize the allocation of resources, decentralized market risk plays an irreplaceable role. But compared with mature markets and, in general, is still in the stage of exploration, maturity need quite a long process. Future will further accelerate the capital market key areas and crucial links, and promote the pace of reform and innovation market stable healthy development.

He says China will greatly improve market system and structure, increase the market breadth and depth. Further perfect multi-level stock market system, gradually formed, including the motherboard, smes board, gem and the over-the-counter market, reasonable structure, function, sound, running efficient market system, Speeding up improving market financing structure, develop the corporate bond market, steadily rising-a bond financing in increasing direct financing the function and effect; Effectively play futures market in found price and risk management aspects of the function, promote the futures market and cash market benign interaction, coordination development; Further optimize capital market tax environment.

He says China will constantly improving capital market service ability of overall economic and social development. Using the capital link guide and advance production elements and social resources to competitive emerging industry, high growth enterprise gathering, Actively promote market-oriented m&a, accelerate the stock resources integration, through the capital market platform to promote industrial structure optimization and upgrading.

In addition, he says China will continue to strengthen and improve market oversight, improve the capital market emergency mechanism and emergency plan, enhanced regulatory ability construction. Severely crack down on all kinds of illegal activities, strengthening of cross-border capital flows monitoring and supervision, maintaining market smoothly.

Source "of Chinese textile net"

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