Secretary Du Jiahao Meets with CSRC President Liu Shiyu

On the morning of May 8, 2017, CPC Hunan Provincial Committee Secretary and Standing Committee of the Hunan Provincial People’s Congress Director Du Jiahao met with China Securities Regulatory Commission (CSRC) President Liu Shiyu and discussed jointly promoting Hunan capital market reform, development, stability, and supervision.

　　CPC Hunan Provincial Standing Committee Member and Executive Vice-Governor Chen Xiangqun attended the meeting.

　　Secretary Du thanked President Liu for CSRC’s long-term support for Hunan’s reform and development, especially in capital market advances. Du stated, “In recent years Hunan has sped up multi-level capital market construction with fruitful results; market size has expanded, the regional equity market has developed as planned, and the capital market has contributed greatly to the real economy.” “We expect CSRC to assist Hunan in multi-level capital market construction as always and further enhance supervision and guidance to Hunan’s listed or to-be-listed companies.” Du added. “Great efforts will be made in Hunan enterprise expansion and poverty alleviation aided by the capital market. Financial risks will be prevented and reduced to provide strong financial support to provincial economic and social development.” said Du.

　　President Liu spoke highly of Hunan’s achievements in implementing new development ideas, promoting supply-side structural reform, boosting the real economy, and building a multi-level capital market in recent years. He promised that the CSRC will fully play its role and go all out to support and promote Hunan’s capital market reform, stability, and development, and further strengthen supervision to better serve Hunan’s listed companies. Liu added, “CSRC will strongly support and encourage related enterprises to be listed on the new board. We will better use the capital market to help poverty-stricken areas shake off their poverty, and prevent and mitigate financial risks.”