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Hong made the remark at a daily press conference when asked for comment on the "Outright Monetary Transactions (OMT)", a new bond-buying program announced by the European Central Bank (ECB) on Thursday.
As China's economy slowed, there have been growing concerns that, if China's housing prices fall too much and too soon, it may hurt the country's overall growth.
Focus on development is the only way to overcome such crises, stressed speakers such as Long Guoqiang, Director General of Development Research Center of China's State Council, pointing to the impressive Chinese example of reform.
Wen made the remarks while addressing an inauguration ceremony for a statue of late Chinese leaders Zhou Enlai and Chen Yi at the China Foreign Affairs University in Beijing.
The market value of securities investment funds accounted for 7.7 percent of negotiable market value of the Shanghai and Shenzhen bourses as of the end of 2011, making it the most important institutional investor in China's security market.
来源：资阳报