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China will increasingly rely on endogenous innovation to spur economic development in the future, a process that needs risk takers from private businesses, while state firms, always slower and more cautious in decision-making, are relatively less vigorous and not that willing to take risks, Fan said.
China will support the rollout of e-commerce and courier services in the countryside to expand rural consumption, according to this year's government work report.
China will significantly boost the share of direct financing in its financial system, especially equity financing, the sources said.
China's Shenzhen Stock Exchange (SZSE) plans to become a leading capital formation center by offering diversified financial products and necessary capital market infrastructure.
China's 131 brokerages reaped profits of 66.62 billion yuan last year, plunging 41.04 percent from a year earlier, as a bear stock market took its toll. Some 106 companies reported profits, compared with 120 in 2017, according to the Securities Association of China.
来源：资阳报