BEIJING, Dec. 21 (Xinhua) -- A meeting by the office of China's financial stability and development committee under the State Council was held on Thursday, signaling that the country will accelerate opening-up in the capital market.
Attendees at the meeting suggested that the authorities pay more attention to the quality of listed companies and strictly implement the de-listing system; reinforce the information disclosure system, and resolutely put in place the market-oriented principle and reduce administrative intervention in transactions.
Meanwhile, they also suggested that international common practice be learned to actively cultivate medium and long-term investors.
China should let market play a decisive role in resource allocation in the capital market to further promote reform and opening-up. Setting up science and technology innovation board on Shanghai Stock Exchange and piloting registration system for listed companies are an opportunity of profound reform in China's capital market after 28 years of development, according to Wang Changqing, chairman of China Securities. (Edited by Hu Pingchao, Jiang Feifan)
A single purchase
