Latest reforms promote long-term, healthy development of stock market

CHINA SECURITIES REGULATORY COMMISSION issued a statement on its website on Tuesday aimed at guiding more medium-and long-term funds into the market. Xinhua News Agency comments:

The commission has vowed to support listed companies to reorganize through repurchases and acquisitions, optimizing transaction supervision and reducing unnecessary intervention in trading. If carried out well, these measures are all pertinent to addressing the most pressing problems in the capital market.

The statement reflects the central authorities' resolve to boost the healthy development of the capital market and the confidence in the Chinese economy.