BEIJING, May 17 (Xinhua) -- China's securities regulator announced May 15 as the national investor protection promotion day on Wednesday, in a bid to call on all related parties to protect the interests of investors, especially small and medium investors, through related activities.
This is an important move to maintain an open, fair and just market order and foster the capital market to develop in a sustainable, healthy and stable way, according to experts.
After the launching ceremony of the promotion day, ten investor representatives were invited to visit the investigation and evidence center, press conference hall and acceptance hall of China Securities Regulatory Commission (CSRC) to know about related work of CSRC, the first time for CSRC to organize such a visit.
Capital market is a plural symbiotic ecosystem, and investor is the cornerstone to maintain its operation, noted Yan Qingmin, vice chairman with CSRC.
Investors have contributed a lot to supporting markets to carry out functions like financing, asset pricing and resource allocation optimization, and pushing up high-quality growth of the real economy, said experts.
Authoritative data showed that since its foundation, the capital market has cumulatively achieved a stock financing of 13 trillion yuan and a bond financing of 17 trillion yuan, and more than 1,000 trillion yuan of stocks have been traded on the exchanges.
Data also showed that currently, China boasts the world's largest and most active investor group which has a population of more than 100 million with small and medium investors taking up 95-odd percent.
Strengthening investor protection is a basic work crucial for the healthy development of the capital market, which needs the joint participation and support of all related parties, said Yan.
According to the CSRC official, in order to achieve the goal, Chinese regulators will make efforts to improve the quality of listed companies, strengthen responsibilities of exchanges and intermediaries, and crack down on illegal activities in the capital market.
Besides, together with related authorities, market institutions and the news media, CRSC will promote the formation of a general pattern for investor protection featuring legal protection, regulatory protection, market protection and self-protection.
Efforts will also be made to deepen the reform of the basic system of the capital market, including trading, delisting, information disclosure etc., so as to provide richer products and better service for investors. (Edited by Gu Shanshan)
A single purchase
