CHINA / National
China urged to foster capital market investors
(Xinhua)
Updated: 2006-09-24 11:03
SHANGHAI -- China should foster more capital market institutional
investors to help the market develop in a broad scope and depth, said a
senior official with the Goldman Sachs Group.
Michael Evans, President of the Goldman Sachs Group in Asia, said that
China's capital market is developing fast and plays an increasingly
important role in the international arena.
What China lacks is not capital, but the ability to manage the capital,
Michael Evans said at a three-day forum of the Emerging Market Commission
(EMS) of the International Organization of Securities Commissions
(IOSCO), which opened in Shanghai last week.
He explained that speculative funds can lead share prices to fluctuate,
while institutional investors focus more attention on listed companies'
performance, thus helping stabilize the stock market.
Chief Executive Officer of the Hong Kong Securities and Futures
Commission (SFC) Martin Wheatley also said that security regulators
should not only try to maintain a stable stock market, but also promote
the development of the market.
The regulators should promote the development of new financial products
and let all investors find suitable investment tools, he noted.
Shang Fulin, chairman of the China Securities Regulatory Commission
(CSRC), said at the EMC meeting, which was organized by the CSRC, that
China is an emerging capital market, which is also in a transitional
period.
He pledged his commission would further promote the reform and opening of
China's capital market and solve emerging problems in the capital market
through development means.
The CSRC will gradually improve the opening policies for the capital
market to promote the market to develop in a healthy and stable way, said
the official.
Most Commented/Read Stories in 48 Hours
Today's Top News
� China mulls hefty fines for city scar producers
� Bin Laden dies of typhoid - report
� Liu crowns at Shanghai Grand Prix
� China, Japan talk sees no breakthrough
� SK-II cosmetics pulled off shelves in China
Top China News
� China, Japan talk sees no breakthrough
� Improvement of social security system urged
� China mulls hefty fines for city scar producers
� Oil spill in Songhua River under control
� Hu: China values judicial co-op within SCO framework
Alibaba is the largest B2B marketplace in the world. Source model ship,
wooden puzzle, one-piece toilet, RC hovercraft, photo album, prom dress,
pocket bike, Vaginal Speculum, Samurai Sword, String Panty and PVC Pipe.
Learn Chinese, Learn mandarin
No comments:
Post a Comment