Li Qiang proposed in the government work report to further improve the long-term capital market entry mechanism and enhance investor protection systems.

On the 5th, Premier Li Qiang of the State Council, in introducing this year’s government work tasks in the Government Work Report, said that the government will continue to deepen reforms in key areas. Focusing on building a high-standard socialist market economy system, it will strengthen efforts to tackle hard reforms, thoroughly remove obstacles in systems and mechanisms, and enhance the drivers and vitality for high-quality development. It will standardize competitive order among financial institutions and further advance the reduction in size and improvement in quality of local small and medium financial institutions. It will continue to deepen comprehensive reforms of capital market investment and financing, further improve mechanisms for long-term funds to enter the market, improve investor protection systems, expand exit channels for private equity and venture capital funds, and increase the share of direct financing and equity financing. (Xinhua News Agency)