China released a key guideline for the high-quality development of the capital market on Friday.▲People walk past the new Shanghai Stock Exchange building in Shanghai on March 29, 2023. [WANG GANG/FOR CHINA DAILY]The move, experts said, heralds the latest round of market reforms that reinforce investor confidence and sets the stage for a bullish performance by the country's capital markets.The guideline, released by the State Council, China's Cabinet, seeks to strengthen regulation, forestall risks and promote the high-quality development of the capital markets.This is the third guideline document issued by the State Council on the country's capital market in the past two decades, following the ones in 2014 and 2004.Wu Qing, chairman of the China Securities Regulatory Commission, said, compared with the previous guidelines, the latest one stresses on more effective protection of investor rights, especially small and medium-sized ones, strict market supervision and addressing prominen
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