The State Council of China issued guidelines for the development of capital markets, focusing on nine major areas including stock and bond markets, private equity, and market regulation. The policy aims to establish multi-layer capital markets, encourage efficient capital allocation, and promote economic restructuring. Key reforms include opening up China's capital markets, promoting direct financing, and fostering private equity and venture capital funds.
doj/DataSet10/EFTA01454159.pdf
{"title":"Guiding Principles for the Healthy Development of Capital Markets","key_people":["Xiao Gang"],"document_date":"2023-05-09","document_type":"correspondence","key_locations":["China","Shanghai","Hong Kong"],"document_subtype":"report","key_organizations":["State Council of China","CSRC","Securities Association of China"],"reference_numbers":["DB-SDNY-0112123","SDNY_GM_00258307","EFTA01454159"]}