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CSRC Chairman Wu Qing: CN Shall Fully Promote New Round of Capital Mkt Reform to Create More Attractive Framework for LT Funds/ Investments
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After more than 30 years of reform and development, enhancing the inclusivity and adaptability of the capital market system is a comprehensive, deep-rooted and systematic transformation at a new historical starting point, Wu Qing, Chairman of the China Securities Regulatory Commission (CSRC), published an article in the People's Daily saying. The authorities should closely focus on risk prevention, strengthening regulation and promoting high-quality development, and fully advancing a new round of capital market reform, striving to create a new situation for high-quality development of the capital market, and assisting in building a financial power and Chinese-style modernization. Wu emphasized the need to create a more attractive framework for long-term funds and long-term investments. Conditions should continue to be actively created to build a market environment where medium- and long-term funds are 'willing to come, able to stay, and develop well,' promoting the establishment and improvement of long-term assessment mechanisms for various medium- and long-term funds, increasing the scale and proportion of A-share investments, and facilitating the smooth circulation of the fundraising, investment, management and withdrawal of private equity and venture capital fund, thereby strengtheing the cultivation and growth of patient capital, long-term capital and strategic capital. AASTOCKS Financial News Website: www.aastocks.com |
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