ChinesePremierLiQiangpresidesoveraStateCouncilstudysessionthatfocusedonfurtherreformsofthecapitalmarketforsteadyandhealthydevelopment,onApril22,2024.(Xinhua/LiuBin)BEIJING,April22(Xinhua)--ChinesePremierLiQiangonMondaystressedeffortstoacceleratethedevelopmentofasafe,well-regulated,transparent,open,dynamicandresilientcapitalmarket.HecalledforeffortstobetterleveragetheroleofthecapitalmarketandacceleratethebuildingofanationwithastrongfinancialsectortoserveChinesemodernization.LimadetheremarksataStateCouncilstudysessionthatfocusedonfurtherreformsofthecapitalmarketforsteadyandhealthydevelopment.Sincethe18thNationalCongressoftheCommunistPartyofChinain2012,thecapitalmarket,acrucialpartofmodernfinancialsystem,hasaccelerateddevelopment,playingakeyroleinpromotingoptimalallocationsofresources,supportingscientificandtechnologicalinnovation,andpromotingeconomicandsocialdevelopment,hesaid.Earlierthismonth,theStateCouncilreleasedaguidelineonstrengtheningregulationonthecapitalmarket,forestallingrisksandpromotingitshigh-qualitydevelopment.Lisaiditisnecessarytotaketheimplementationoftheguidelineasanopportunitytoboostthereformanddevelopmentofthecapitalmarket.Moreshouldbedonetoexpeditetherefinementofthebasicinstitutionalsystemsofthecapitalmarket,improvekeysystemssuchaslisting,trading,anddelisting,andpromoteavirtuouscycleofinvestmentandfinancing,hesaid.Lialsounderscoredtheimportanceofmaintainingadynamicbalancebetweenlistinganddelistingactivities.Thepremieralsocalledforeffortstoimprovethequalityoflistedcompaniesandbolsterregulatoryoversightonentryintothecapitalmarket.Workshouldbedonetointensifyoversightofthecapitalmarket,andillegalandnon-compliantactivitiesshouldbepunishedmorestrictly,hesaid.Highlightingthepivotalroleofastableandhealthycapitalmarketindrivingeconomicdevelopmentandboostingnationalgovernance,Liurgedeffortsacrossallrelatedsectorstostrengthencoordinationtofostersynergyinpropellingthehigh-qualitydevelopmentofthecapitalmarket.Editor:DisclaimerTheviewsandopinionsexpressedinthisarticlearethoseoftheauthor's,GMW.cnmakesnorepresentationsastoaccuracy,suitability,orvalidityofanyinformationonthissiteandwillnotbeliableforanyerrors,omissions,ordelaysinthisinformation.