.jpg)
Song Liping, general manager of Shenzhen Stock Exchange, made a speech with the topic of “The New Opportunity for China’s Capital Market” during a panel discussion at the Lujiazui Forum. Song stressed the importance of developing multi-level capital market and diversified investment groups.
“Different enterprises at different stages need multi-level market to meet their different financing needs, and investors having different risk preference also need diversified investment groups to meet their needs.” Song said.
“Small and medium investors made prominent distribution to the liquidity of China capital market”, Song said. “It results in outstanding feature of short-term behavior of investors in the market; and the problem of homogenization phenomena in investment activities among institutions, especially among fund management companies, is also serious.”
For the progress of preparation of the new market, Song expressed that Shenzhen Stock Exchange was proceeding on doing research in other similar market in other countries so as to learn related experience and doing research in the sources of planned listed companies, and strengthening the preparation work for the trading system for the new market.
Song noted that Shenzhen Stock Exchange would accelerate the release of corresponding measures for the new market and make further requirement for enterprises and sponsors. Song also stressed that the late-developing advantages of emerging capital market status of China shall be drawn attention to.
?
