Capital market must coordinate investment, financing: expert

Senior financial officials and experts have reached a consensus to call for enhanced coordination between investment and financing functions in China's capital market to better serve the real economy.

The consensus was reached at a high-level forum held in Beijing over the weekend, attended by more than 1,200 participants including current and former officials, financial experts and scholars.

Chen Huaping, vice chairman of the China Securities Regulatory Commission (CSRC), said that the regulator is working to attract more long-term capital into the market while encouraging listed companies to focus on value creation.

These efforts, as echoed in the forum discussions, are seen as essential to strengthening the capital market's role as a critical pillar in advancing economic development.

"The capital market must coordinate investment and financing. This function should be part of the overall economic and financial framework. In particular, we should view the capital market within a broader system. It also connects social development, technology, industry and finance. Only in this context can investment and financing be properly coordinated," said Tu Guangshao, executive director of the Shanghai Advanced Institute of Finance, in his address.

Capital market must coordinate investment, financing: expert

Chinese Vice Premier He Lifeng said on Monday that China welcomes foreign enterprises including Warburg Pincus and long-term capital to continue expanding their investment in China and deepen mutually beneficial cooperation with China.

He, also a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks when meeting with former U.S. Secretary of Treasury Timothy Geithner, now chairman of Warburg Pincus.

The vice premier said that China is fully implementing the guiding principles of the fourth plenary session of the 20th CPC Central Committee, in accordance with the suggestions and arrangements of the 15th Five-Year Plan, and advancing the building of a unified national market, unswervingly expanding high-level opening-up and promoting high-quality economic development.

For his part, Geithner said that he is optimistic about the prospects of China's economic development, and Warburg Pincus is willing to continue to deepen its presence in the Chinese market and promote the deepening of economic and trade cooperation between the United States and China.

China welcomes foreign enterprises, long-term capital to continue expanding investment in China: vice premier