} ?>
(Yicai Global) Sept. 15 -- The establishment of a stock market that adequately protects the legitimate rights and interests of investors is the highest standard for the supervision of capital markets, Zhang Shenfeng, assistant chairman of the China Securities Regulatory Commission (CSRC), said today at the Financial Street Forum 2017.
The CSRC prioritizes the development of direct financing, said Zhang. The capital market has high sensitivity, so the bottom line of no systemic risk must be firmly held, and China should give precedence to defusing risk, Zhang said.
The capital market needs to normalize share issuance, standardize refinancing system and actively develop bond and futures markets to serve the Belt and Road construction and the national innovation-driven development strategy, said Zhang.