The SFC said: that will help investors to clear the market expected.

<P>: Http:// News, China Securities Regulatory Commission Qi Bin, director of the Center 21 in Shenzhen said the SFC will accelerate the introduction of capital markets, long-term planning, the development of the full sum up experience and lessons learned, drawing on overseas markets and other emerging markets mature .the basis of experience, to work out a reasonable situation of China's development strategy and planning, to help the long-term investors a clear market expectations. .</ P> <P> Qi Bin, in 2007 China International Forum on Services for the keynote speech made the remarks. .He said that although last year, China's capital market in many positive changes, but the new market development and regulatory environment have posed a severe challenge. .Therefore, the need to deepen market reforms, the establishment of multi-level capital market, to promote the sustainable development of capital markets. .</ P> <P> one, to actively promote the construction of multi-level capital market, efforts to expand the breadth and depth of the market. .Actively respond to the situation of excess liquidity, accelerating the construction of multi-level capital market to meet the different sizes and different stages of the corporate finance needs, and foster a number of independent innovation capability and core competitiveness of enterprises, promote strategic adjustment of economic structure and .changes in the mode of economic growth. .</ P> <P> Second, to deepen market reforms, promote innovation, improve the rate of securitization of the Chinese economy. .Speed up the distribution system, strengthening the market pricing mechanism, increasing the effective supply of A-share market. .At the same time, promoting all kinds of product innovation, promotion of corporate bonds, real estate investment funds, provide investors with more risk-return characteristics of different financial products. .In addition, all aspects should actively promote the local private equity market and venture capital market formation and development of capital markets for the Chinese market for developing a sustainable supply of resources. .</ P> <P> Third, improve the market mechanism, and further improve the quality of listed companies. .First of all, to encourage large enterprises to attract high-quality, high-growth small and medium enterprises issuing and listing, optimizing the structure of listed companies; Second, improve and perfect the mechanism of internal checks and balances of listed companies to further enhance the level of normal operation of listed companies; again, continue to improve and strengthen the listed companies .supervision, and effectively improve the effectiveness of supervision; In addition, self-regulatory organization to promote the construction industry, gradually administrative supervision, legal regulation, self-regulation and social regulation of complementary multi-level, comprehensive monitoring system; five is to promote M & A market .development, with market-oriented means of promoting China's listed companies bigger and stronger. .</ P> <P> Fourth, strengthen supervision, deepening investor education. .Strengthen supervision and standardize the market, maintain market open, fair and impartial manner, to resolve the systemic risk in advance. .To strengthen the securities companies, fund companies, the supervision of listed companies to improve transparency; increase the types of investigation and punishment of illegal activities, increasing the cost of illegal behavior topics. .At the same time, to investor education as a long-term, systematic work, at all levels to enhance investor education work, the strengthening of financial investors for the study of knowledge, enhance the awareness of investors own risk. .</ P> <P> Fifth, to strengthen the planning, to help clear the market expected. .The SFC will accelerate the introduction of capital market long-term planning, the development of the full sum up experiences and lessons, learn and mature markets outside the experience of other emerging markets, based on the situation of our country to develop a rational development strategy and planning, to help investors clearly expect the market long-term .. .</ P> <P> Qi Bin said, look to the future, China's capital market in China to build innovation systems play an important role in promoting business growth and industrial upgrading, while the adjustment of the layout guide investment, effectively pulling backward .regional development; capital market development would also greatly enhance the proportion of direct financing, to optimize the financial structure, reduce financial risk, the Chinese economy's flexibility and ability to resist risks. .Capital market will become a social pension and social security funds investing primarily in place. .</ P>.