China's capital market remains resilient despite trade friction: top securities regulator
Tit-for-tat trade frictions do weigh on China's capital market to some extent, but the risks remain under control, noted the head of China's securities watchdog on Sunday in an interview with China Central Television (CCTV).
China's top securities official, Yi Huiman, from the China Securities Regulatory Commission (CSRC), claimed China boasts an incrementally resilient capital market with a stronger capacity to resist risks, which has gradually ironed out the adverse impacts caused by uncertainties looming over China-U.S. trade talks.
Yi held the country's stock price fluctuations act as a testament to the market's resilience and China is "fully confident" to wield enough policy tools to stabilize the capital market.
Yi added the CSRC will gradually move to expand the opening of China's exchange-traded bond market and futures market to foreign participation, as a way to channel more funds to upgrade the second largest economy's market structure.
(Cover: Yi Huiman, head of China's top securities regulator. /VCG Photo)