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China’s capital market needs reform in price, innovation mechanism

By Chen Lidan (People's Daily Online)

17:21, May 04, 2012

Song Liping, General Manager of China’s Shenzhen Stock Exchange (SZSE), attends an online communication with netizens at People’s Daily Online, on May 4, 2012 (Photo/People’s Daily Online)

BEIJING, May 4 (People's Daily Online) -- Price mechanism and innovation mechanism are the most urgent issues in the reform of China’s capital market, said Song Liping, General Manager of China’s Shenzhen Stock Exchange (SZSE), sharing her views as an insider on the popular topics about China’s capital market during an online communication with netizens at People’s Daily Online, on Friday afternoon.

Song said that the capital resources are still previous and therefore they could not be squandered. A reasonable price mechanism is helpful to improve the efficiency of resource distribution.

Referring to the reform measures unleashed recently, Song said the surviving environment of new shares issued would undergo profound change and the business performance of securities traders will face serious challenge, which will lead to polarization of traders.

The full text of the online communication (Chinese): http://finance.people.com.cn/stock/GB/218564/243047/index.html

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