Li urges build­ing pri­vate-eq­uity mar­ket

China Daily (Canada) - - NEWSCAPSULE -

Pre­mier Li Ke­qiang called for the build­ing of a de­vel­oped pri­vate-eq­uity mar­ket in China by can­cel­ing ad­min­is­tra­tive ap­proval pro­ce­dures for prod­uct is­suance and mea­sures to en­cour­age ven­ture cap­i­tal to sup­port smal­land medium-sized en­ter­prises.

Li made the call at an ex­ec­u­tive meet­ing of the State Coun­cil, China’s cab­i­net, which dis­cussed the de­vel­op­ment of the cap­i­tal mar­ket and mea­sures to broaden fi­nanc­ing chan­nels.

Other mea­sures agreed upon at the meet­ing in­clude di­ver­si­fy­ing bond prod­ucts and strength­en­ing su­per­vi­sion of the bond mar­ket; pro­mot­ing the de­vel­op­ment of the fu­tures mar­kets, es­pe­cially trea­sury bond fu­tures; and pro­mot­ing the healthy de­vel­op­ment of on­line fi­nan­cial ser­vices.

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