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BEIJING (MNI) - China will step up capital market reform after having
largely defused risks and made the market more valuable as long-term
investments, according to a statement by the People's Bank of China (PBOC)
following a meeting of the Financial Stability and Development Committee.
The next step of the reform will seek to improve the quality of listed
companies and the delisting procedure, according to the summary of the meeting
chaired by Deputy Governor Liu Guoqiang.
Regulators should also improve information disclosure, effectively protect
investors, reduce administrative interventions, support mid- and long-term
investors, and increase market access for asset management products, according
to the statement.
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