Chinese securities companies can develop businesses largely in private capital market, said Wu Xiaoling, vice-chairwoman of the financial and economic committee of the National People's Congress on Friday.
Wu said private capital market directly offers enterprises services and provide fundraisers with many financing instruments of bond, equity and collective investment plans to find professional investors.
Wu added that regulations should be separated in China to set up a multi-level capital market.
"Regulation on the issuance, transferring and trading of securities in public market and that in private market should be different," said Wu.
Wu added that groups of investors should be divided by their experiences and risk resistance capabilities, and professional ones can have fewer restrictions on investing.
Nation developing and opening up its securities industry
Securities companies eye bigger market role
Shanghai's first private bank to land in FTZ
Private banking opportunities draw increased foreign interest
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
