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More effort should be made to push forward the healthy and stable development of China's capital market, which is an important part of the socialist market economy, said Vice Premier Huang Ju Thursday.

 

Huang, also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remark at a forum on the country's securities and futures supervision work.

 

Since early last year China has made progress in boosting reform of the capital market, enhancing supervision, improving the quality of listed companies, solving the split share structure problem and developing institutional investors, he acknowledged.

 

This year is the start of China's 11th Five-Year Guideline period (2006-2010), as well as a crucial year for the reform of the capital market, he said.

 

The circular on boosting reform and opening-up of the capital market, which was issued by the State Council, should be fully implemented and the split share reform should be continued in the new year, Huang said.

 

(Xinhua News Agency January 13, 2006)