CSRC chairman wants China to be 'a capital market power'

China Securities Regulatory Commission (CSRC) Chairman Liu Shiyu has proposed the concept of "building a capital market power", Securities Daily reported Tuesday.

He said building a capital market power is a key task for realizing the Chinese dream of the great rejuvenation of the Chinese nation, according to the Daily.

In 2017, exchange markets, New Third Board market and regional equity trading markets have all expanded, which is memorable in the development of China's capital markets, said Cao Jun, vice-chairman of China Shareholding System and Securities Research Institute.

Zhang Shenfeng, assistant to chairman of the CSRC, said that the next move would be to expand multi-level equity financing channels, keep boosting exchange markets and keep deepening the New Third Board reform.

CSRC Vice-Chairman Li Chao said that the commission will further improve its plans and policy measures for opening up China's capital markets.

He added that these measures include detailing policies on relaxing restrictions on foreign capital entering Chinese markets, pushing up registration-based institutions for companies eyeing listing overseas and pushing forward argumentation on Shanghai-London stock connect and improving QFII and RQFII policies.