Li Chao: A-share market shows relatively strong strength and ability to resist risks

Li Chao: A-share market shows relatively strong strength and ability to resist risks
On March 22, the State Council Office of Antiques responded to the impact of the international epidemic and maintained the stability of the financial market.Li Chao, vice chairman of the China Securities Regulatory Commission, said that compared with the overseas market, the long-term financial market is generally stable. The A-share market exhibits relatively strong strength and anti-risk capabilities. The A-share market is relatively small in size and investor behavior.More rational.The following is the position of Li Chao, Vice Chairman of the China Securities Regulatory Commission.Recently, the epidemic of New Coronary Pneumonia has spread in many countries, and the international financial market has undergone substantial adjustments. Everyone is very concerned about the changes in the international financial market, and is also more concerned about some situations in the domestic financial market, including the stock market.Under the strong leadership of the Party Central Committee with Comrade Xi Jinping at the core, the local domestic epidemic prevention and control measures continue to improve, the resumption of production and production, and the recovery of production and life have shown very good momentum. These improvements to improve market expectations are decisiveSupport.Compared with the overseas market index, the financial markets of developing countries are generally stable. The A-share market exhibits relatively strong distortion and anti-risk capabilities. The volatility of the A-share market is relatively small, and investors’ behavior is more rational.We say that this situation arises because the financial system has been continuously deepening the financial supply-side structural reform under the leadership of the State Council ‘s Financial Committee in accordance with the deployment of the Party Central Committee and the State Council in recent years.Chess has adopted a series of more active and effective risk mitigation measures.As far as the capital market is concerned, some of us have lowered the level of market leverage. The current leveraged capital of the stock market and the 2015 peak score have dropped by 80%.Reducing it further, we take variable measures such as reducing stocks and controlling the increase in stock pledge risk. The main risk indicators are trending better, and the number of high-profile pledged listed companies has dropped by 1/3 during the peak period.Going a step further, we optimize transaction supervision, increase the scope, and enhance the market’s clear expectations for supervision.We insist on the reform and opening up of the capital market. In 2019, we carried out reforms such as the Science and Technology Board and the pilot registration system. There are also some changes in two-way opening up.Editor Yue Caizhou