Top regulators signal reforms bolstering confidence in Chinese stock market
ON FRIDAY MORNING, the heads of the central bank and the banking, insurance and securities regulatory bodies collectively voiced their optimism in the future of the stock market in their respective interviews with the media. ThePaper.cn comments:
The three officials responded to investors' concerns, and sought to dispel the market's anxiety over the future of the Chinese economy.
Liu Shiyu, chairman of the China Securities Regulatory Commission, said that the commission will encourage various types of funds managed by local governments, qualified private equity investment funds, and brokerage asset management products to jointly organize new funds to help listed companies with good development prospects but experiencing temporary difficulties to solve their stock pledge plights.
