The 11th China-Arab Civilization Dialogue opened in Beijing on Monday, co-hosted by the International Department of the Communist Party of China (CPC) Central Committee and the Secretariat of the League of Arab States (AL), aiming to deepen cultural exchanges and strengthen bilateral cooperation. The dialogue centers on key topics such as the exchange of governance experience and the pursuit of modernization, the Global Civilization Initiative, China-Arab cultural cooperation, and the Belt and Road Initiative’s role in fostering people-to-people connectivity.
As a flagship mechanism under the China-Arab States Cooperation Forum, the China-Arab Civilization Dialogue has become a vital platform for promoting mutual learning between civilizations and enhancing friendly ties between China and Arab states.
"The two civilizations have been contributing a lot to the world civilization. The discussions were proof how deep the relations are. It will help in enhancing the cooperation between our people. The summit will be again a continuation of a story of success as well as a story of appreciation," said Ahmed Aboul-Gheit, Secretary-General of AL.
China-Arab cultural dialogue opens in Beijing
The securities industry should provide investors with a wider range of products more conducive to long-term investments, said Wu Qing, chairman of the China Securities Regulatory Commission (CSRC) at the 8th Member Congress of the China Securities Association on Saturday.
Noting that stocks and funds account for only about 15 percent of Chinese residents' assets, the chairman emphasized that the country can harness the huge potential demand for asset management and wealth management.
"We must proactively cater to the diverse wealth management needs of investors with different risk appetites, investment scales, and investment horizons, providing more abundant and targeted products and services which are more conducive to long-term and value investments. We must work together with investors for mutual benefit and win-win outcomes, jointly participating in and sharing the fruits of economic and capital market development," said Wu.
As investor confidence and market resilience have significantly strengthened, the total market capitalization of A-shares -- stocks traded on Chinese mainland markets -- exceeded 100 trillion yuan (about 14 trillion U.S. dollars) for the first time in August.
Amid the growth, Wu stressed that stability remains the bottom line for the industry, calling on institutions to strengthen compliance and risk control while focusing on risks in areas such as margin trading, securities lending, and over-the-counter business to prevent illegal interference by shareholders and safeguard the rights and interests of small and medium-sized investors.
According to CSRC policy guidelines, the commission will appropriately optimize supervision of high-quality institutions to support their improvement in capital efficiency, while for a few problematic securities firms, it will strictly supervise and punish them according to law, resolutely clear out non-compliant shareholders, and maintain market order and stability.
China's top securities regulator urges abundant long-term investment products
