Shangliang member: International Board launch no timetable

Shangliang, China's CPPCC chairman, said yesterday in an interview with the securities daily that "there is no timetable for the launch of the International Board".　　In addition, he spoke in the Panel on the 20 anniversary of the development of securities market some of the sentiment and experience, and that the current is a good time to promote market maturity. Shangliang recalls that 20 years ago, the Shanghai Stock Exchange is the world's smallest stock exchange--100 billion market capitalisation, opening the first year of trading volume of 820 million yuan. However, after 20 years of development, SSE's market capitalisation exceeded 18 trillion yuan, and the trading volume of the day was 120 billion yuan.　　A large number of national economic pillar enterprises, key enterprises, basic industry enterprises and High-tech enterprises, including banks, insurance, oil and other large-scale blue-chip enterprises have been listed, only this part of the market value increase is 10 trillion yuan. The main driver behind these changes is reform and opening-up. Specifically, it is mainly the power of reform.　　The share-splitting reform of China's capital market has gone through two years, and the market has grown up suddenly. The second basic experience is to serve the overall situation of the national economy.　　The exchange from the establishment to the current development, its fundamental is to serve the country. Of course, China's capital market is still a simple market, there are many defects, many imperfections. In his opinion, the capital market in China is relatively simple in terms of trading mechanism, trading mode, product and technology.　　And the mature European and American market has self-healing mechanism, facing such serious financial crisis, still can through two or three years of time self-repair.　　Shangliang that the current reform, securities company comprehensive management has been completed, the current is a good time to promote market maturity, through 5-10 years of time, in the trading mechanism, trading methods, products, technology, including investor advocacy, education and ideas to further improve the market. He admits that he is 60 years old and still has a bit of a vision, a little faith, Shangliang said, hope that through 5-10 years of efforts to promote China's capital market gradually to mature market development. Securities Daily