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Li Keqiang: the capital market to develop stable and healthy development
Source: | Author:pro733068 | Publish time: 2015-10-23 | 846 Views | Share:
October 23, 2015 07:23 Securities Times

Premier Li Keqiang met USA former finance minister Paulson at the Zhongnanhai on the afternoon of 22.

When talking about financial reform, Li Keqiang said that China's development is fundamentally on the reform and opening up. The reform of the financial sector is always in the direction of the market, the rule of law. We adjust the exchange rate of RMB (6.3575, 0, 0%) in the middle price quotation mechanism, which is the basis of the international financial market and the market rules. Next, the Chinese government will expand Shanghai FTA financial reform pilot, accelerate the RMB interest rate market, and gradually improve the RMB exchange rate formation mechanism, encourage financial innovation, promote higher standards of financial industry, the financial development more effective service to real economic growth.

Referring to the capital market, Li Keqiang pointed out that this year, the international financial market continued to shock, the Chinese capital market, especially the stock market has been abnormal fluctuations. The Chinese government departments concerned to take measures to stabilize the market in time to prevent the possibility of a systemic financial risk, which is in line with international practice, but also from China's national conditions. We will continue to promote reform, strengthen the system construction, and actively cultivate open and transparent, long-term stable and healthy development of multi-level capital market.