In a significant move towards bolstering its financial landscape, China's State Council Information Office (SCIO) held a press conference focusing on the high-quality development of the nation's capital markets. The event centred on strategies to strengthen regulation and mitigate risks, aiming to foster a more robust and resilient financial system.
Li Chao, vice chairman of the China Securities Regulatory Commission (CSRC), addressed the media, shedding light on the initiatives underway to enhance market stability. “Our goal is to establish a capital market that is transparent, efficient, and capable of serving the real economy effectively,” Li stated.
He emphasized the importance of stringent regulatory frameworks in preventing systemic risks. “By fortifying our regulatory practices, we can better safeguard investors' interests and ensure sustainable market growth,” he added.
The press conference highlighted the government's commitment to deepening financial reforms and opening up markets to global participants. This approach is expected to attract more foreign investment, providing new opportunities for international investors and businesses interested in China's evolving market dynamics.
Analysts view these developments as a positive signal of China's dedication to maintaining financial stability while pursuing economic advancement. The measures discussed are anticipated to enhance investor confidence and contribute to more vibrant and dynamic capital markets in the region.
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Live: SCIO presser on high-quality development of the capital market
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