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China's capital market is developing fast, but it is still young and far from perfect. The Chinese authority has never stopped making efforts to improve the mechanism. The debut of the STAR market will allow the market to play a fundamental role in allocating resources, which is critical to China's goal of seeking high-quality development.
China will further ease outbound investment limits and allow more domestic institutional investors to purchase financial assets in the global market as part of its financial market reform and opening-up, according to an official announcement.
China's GDP accounted for 14.8 percent of the world's total in 2016, up by 3.4 percentage points from 2012, said Ning Jizhe, head of the National Bureau of Statistics, on Tuesday.
China's central bank injected 525.8 billion yuan (.4 billion) into the market in May via various monetary policy tools to maintain market liquidity.
China will soon roll out a number of substantive measures to deepen capital market reforms, following the best international practices, the country's top securities regulator said on Sunday.
来源：资阳报