Deputy Governor of the People's Bank of China, Tao Ling: Actively develop direct financing such as equities and bonds.

On November 14th, Tao Ling, Vice President of the People's Bank of China, stated at the 16th Caixin Summit that it is important to improve and enhance the functions of the financial market. In response to the investment and financing needs at different levels, it is necessary to actively develop direct financing such as equities and bonds, improve the basic market system, enhance inclusiveness and adaptability, optimize incremental growth and activate existing resources, strengthen investor protection, promote the development of the money market, improve the foreign exchange market product system, regulate the development of the gold market and bill market, promote the stable, prudent and orderly development of futures and derivatives markets, facilitate the orderly connection of market infrastructure, and leverage the role of the financial market in efficiently allocating resources, discovering prices, and managing risks.