China rolls out new capital market measures (2)

The CSRC also proposed continued support for eligible companies that want to list on China’s main boards, encouraging the ChiNext trading niche, and developing a board for small- and medium-sized enterprises. It also called for initiatives that encourage municipalities to raise funds through bond sales.

With all the pending changes, experts say China’s capital market is contributing more to China’s economic development.

Xu Sitao, chief rep. for China of The Economist Group, said, "The economy is no longer at the mercy of the banking lending. A lot of people may have not noticed that a new concept has emerged, which is called the "total social financing". That concept has replaced the "total bank lending", because there are more financing avenues and vehicles for companies, enterprises and individuals. It’s one of the aspects of the progress."

The CSRC is also preparing for the launch of crude-oil futures and treasury futures, to diversify the financial products in the mainland capital market and to boost the derivatives transactions.