Chinanews, Beijing, Feb. 28 – Chinese capital market is taking strategic changes in order to become the world’s largest capital market with the best liquidity, said a report jointly made by the Renmin University of China's Finance and Securities Research Institute and the Shanghai Securities Journal.

 

The report, containing a series of sub-reports, discusses about the structural and strategic changes that are being made to Chinese capital market. Talking about Chinese capital market from mainly eight aspects, the report analyzes the strategic changes being made to Chinese capital market and its prospective position in global financial market. The report was written by Wu Xiaoqiu, director of the Renmin University of China's Finance and Securities Research Institute.

 

The Shanghai Securities Journal on Tuesday publicized the first part of the report titled "The Strategic Goal of and the Strategic Changes Being Made to Chinese Capital Market". The report makes a constructive theoretic exploration and analysis about the strategic positions and goals made for mainland stock market from the post-share merger reform to 2020, as well as the strategic changes determined consequently.

 

The report outlines the blueprint of mainland stock market up to 2020. It says that based on the Shanghai and Shenzhen securities markets, mainland capital market will grow to become the world’s most important and largest assets trading market and a market with the best liquidity in future, with market value to top 60-80 trillion yuan. By 2020, Renminbi will become one of the three main international reserves, which will help push Chinese capital market and its financial market to become one of the global financial centers, and help make mainland capital market become a pricing center for Renminbi and Renminbi assets.