He called for efforts to better leverage the role of the capital market and accelerate the building of a nation with a strong financial sector to serve Chinese modernization.
The Chinese mainland is still leading the amount of financing in IPOs in global capital markets, despite the recent temporary tightening pace of IPOs nationwide.
Investment, financing and trading will be facilitated to invigorate the Chinese capital market so that it can contribute to the country's high-quality development, the China Securities Regulatory Commission said at a two-day mid-year work conference that ended on Tuesday.
It pledged to push forward the institutional reform of the capital market steadily and strengthen interconnectivity with overseas markets.
China has decided to halve stock transfer fees starting Friday to further lower the trading costs for investors and spur market vitality, according to a circular issued by the country's stock clearing agency.