Enhancing Stability in China’s Capital Market Through “Two Powers and Two Strictness”
In a recent economic press conference, Wu Qing, the newly appointed chairman of the China Securities Regulatory Commission, emphasized the importance of enhancing the inherent stability of the capital market. Wu Qing outlined the regulatory focus on “two strong and two strict”, signaling a clear commitment to supporting the stability and health of the market.
The capital market is seen as a crucial indicator of economic development, and its stability is essential for the overall health of the economy. Wu Qing’s approach to “two strong and two strict” emphasizes strengthening the foundation of the market by prioritizing the protection of investors and regulating financing practices among listed companies.
Investors, especially small and medium-sized investors, are at the core of the market. Wu Qing stressed the importance of treating investors with sincerity and kindness, as well as implementing strict regulations to safeguard their rights and interests. Additionally, Wu Qing highlighted the need for listed companies to adhere to strict financial practices, crack down on fraud, and prioritize shareholder value.
Strict supervision and management are key components of Wu Qing’s approach to enhancing market stability. By implementing measures such as controlling market entrances, monitoring daily operations, and holding companies accountable, the China Securities Regulatory Commission aims to create a transparent and orderly market environment that benefits all investors.
Overall, Wu Qing’s emphasis on “two powers and two strictness” represents a comprehensive strategy to improve the resilience and stability of China’s capital market. By prioritizing investor protection, cracking down on fraudulent practices, and enhancing market transparency, the commission hopes to support the high-quality development of both the economy and society.