日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

A milestone in capital market transformation

By Xue Yi | China Daily | Updated: 2020-01-10 10:24
Share
Share - WeChat
Investors open stock trading accounts at a securities firm in Nantong, Jiangsu province. [Photo by Xu Congjun/For China Daily]

An efficient and rules-based secondary market is also important for the function of the primary market. The improvement of the efficiency and liquidity in the secondary market is beneficial for the corporate financing and valuations in the primary market, thus promoting the development of the real economy.

The development of an efficient financial market also relies on a stable and orderly market environment, which requires a sound information communication channel to ensure market forces play a major role. This has become the consensus of scholars and industry experts. The illegal activities in the securities market have jeopardized fair market competition, harmed the normal and stable operation of the market, and undermined investors' interests and confidence.

Building a rules-based and transparent capital market requires market players to obey rules and regulations and disclose information in a timely manner. It also requires the regulators to act swiftly to crack down on illegal activities.

Therefore, the adoption of the revised Securities Law will further energize the market, help boost investors' confidence and allow the financial market to play a more effective role. A healthy and orderly financial market will better support economic development, better meet the financing demand of companies and promote sustainable economic growth.

The introduction of the revised Securities Law holds far-reaching significance as it will help draw more investors from home and abroad into the Chinese capital market. Global economic growth has been sluggish amid growing challenges and uncertainties. Investors' sentiment has been depressed.

Against such a backdrop, China has been firmly pushing capital market reforms, aiming to build a standardized, transparent, open, and dynamic capital market. As Chinese A shares and sovereign bonds are increasingly being included in major global indexes such as the MSCI and FTSE, the Chinese market has drawn growing attention from international investors.

The adoption of the revised Securities Law is a major step in China's capital market reform and it will help boost the market's attractiveness to foreign investors, improve their confidence and maintain a stable and orderly market environment.

On the other hand, the introduction of the new Securities Law also helps to better regulate the behavior of institutional investors. As an important part of the securities market, institutional investors can help stabilize the market and put checks on listed companies.

The provisions of the new Securities Law, such as strengthened regulation on information disclosure and higher penalty for fraudulent securities issuance, will expand the positive influence of institutional investors in both the primary and secondary markets.

The revised law will enable them to better screen and verify the quality of the unlisted companies in the primary market and the behavior of the listed companies in the secondary market, therefore forming an effective linkage between the two markets and eventually helping improve the quality of the Chinese listed companies.

The author is vice-dean of the School of International Trade and Economics at the University of International Business and Economics in Beijing.

|<< Previous 1 2   
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 日本高清无遮挡 | 91网站入口| 亚洲人人爱 | 国产精品爱久久久久久久电影 | 特黄aaaaa日本大片免费看 | 国产精品国产三级国产播12软件 | 亚洲高清免费视频 | 欧美视频区 | 色欲AV久久一区二区三区 | 久久99精品久久久97夜夜嗨 | 国产在线综合网 | 久久精品黄色 | 91社区在线高清 | 欧美伦交| 久久亚洲春色中文字幕久久 | 国产福利免费在线观看 | 99视频有精品视频高清 | 成人性生交A片免费网 | 成人免费视频网 | 丝袜久久| 91免费在线视频 | 九草伊人| 九色成人蝌蚪国产精品电影在线 | 欧洲免费在线视频 | 九一国产在线观看免费 | 亚洲另类天天更新影院在线观看 | 天天看片中文字幕 | 91人人草 | 日韩精品久久久久久久电影 | 天天色天天综合 | a久久| 视频一区在线 | 99草在线| 国产大尺度吃奶无遮无挡网 | 午夜激情视频在线 | 久久精品久久久久 | 亚洲精品一区国产 | 亚洲视频免费观看 | 久久一本精品 | 日日狠狠的日日日日 | 欧美地区一二三区 |