Founder Securities Chief Economist: China's Capital Market Better Aligned to Back New Growth Drivers

China's capital market structure has been improved to more effectively support the country's new economic growth drivers, according to Yan Xiang, Chief Economist at Founder Securities.

This enhancement aims to bolster the nation's economic restructuring and its transition toward new engines of growth.

Xiang referenced a meeting of the Political Bureau of the CPC Central Committee held on July 30, which assessed the current economic landscape and set priorities for the second half of the year. The meeting emphasized the need to deepen comprehensive reforms of the capital markets.

These measures, Xiang stated, will enhance the capital markets' capacity to allocate resources toward and support emerging enterprises, which is crucial for China's long-term economic development and global competitiveness.