China Urges Funds to Better Serve Investment, Financing Demand
China’s equity market has been on a roller-coaster ride since late September, when a series of stimulus measures unleashed a burst of optimism that’s now cooling.
Photographer: Qilai Shen/BloombergA Chinese regulator urged securities firms and asset managers to effectively serve the demand for investment and financing, in order to promote stable and healthy development of the capital market.
The China Securities Regulatory Commission Chairman Wu Qing recently held symposiums with representatives of securities firms as well as public and private funds, according to a statement on Sunday. Wu stressed that these companies play an major role in further deepening reforms in the capital market.