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Promoting the Reform of the Capital Market with Sc
Published:6/14/2019 4:07:26 PMViews: 195
Liu He, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, attended the 11th Lujiazui Forum on 13th, delivered a keynote speech at the opening ceremony, and attended the opening ceremony of the Shanghai Exchange Branch. Li Qiang, member of the Political Bureau of the CPC Central Committee and Secretary of the Shanghai Municipal Committee, attended the event.
Liu He pointed out that China's economy has shifted from a high-speed growth stage to a high-quality development stage. The supply system has been continuously optimized, the demand system has been continuously upgraded, and the financial system has been more adapted to form an interactive triangular framework to support the long-term sound development of China's economy. We should increase support for high-quality economic development through efficient and rational allocation of financial resources.
Liu He stressed that the current financial situation in China is generally stable and has achieved the stage goal of preventing and defusing financial risks. In accordance with the requirements of "standardization, transparency, openness, vitality and resilience", we should adhere to the reform direction of marketization and legalization, pay attention to referring to international practices, and constantly improve the basic system of capital market, so that it can truly become a barometer of economic operation and a "booster" for promoting high-quality economic development. The development of science and technology innovation board is of great significance. It is necessary to drive the reform of the whole capital market, cultivate more science and technology innovation enterprises, and help the economic transformation and upgrading. We should implement the registration system reform with information disclosure as the core. We should improve the rule of law, raise the cost of illegal activities and strengthen law enforcement. The development of science innovation board is a natural and gradual process. We should treat it rationally and objectively, strive for progress steadily, explore constantly and innovate bravely. We should vigorously promote the construction of Shanghai's international financial center, handle well the relationship between the government and the market, international and domestic, and serve the national strategy and the overall situation of national economic development.