China's securities regulator promised that reforms are underway to build fair and transparent capital markets, while addressing investors about their concerns over the recent equity market routs, said a Securities Times newspaper report on Monday.
Liu Shiyu, chairman of the China Securities Regulatory Commission (CSRC), met with 15 delegates representing institutional funds and retail investors in Beijing over the weekend to hear their views on reform measures in the country's capital market.
"Winter has come, and Spring is not far away," said Liu to the investors, referring to the stock market performances.
Their discussions included causes of the stock market downward pressure, efforts to deepen capital market reforms, how to improve listed companies quality and the trading mechanism, and measures to cut taxes of private equity funds.
The regulator also vowed to protect investors' interests, especially those of the hundreds of millions of small and medium-sized investors in China, and strengthen systematic and instrumental innovations to effectively support the development of private enterprises.
"The CSRC has always shouldered the responsibility of protecting the legitimate rights and interests of small investors, and strived to establish an open, fair and transparent capital market environment for them."