China to take measures protecting small, medium-sized investors

China is set to roll out new policies to safeguard small and medium-sized investors as part of a broader strategy to strengthen the capital market, according to the country's top economic planner.

Zheng Shanjie, head of the National Development and Reform Commission, highlighted a systematic approach to implementing a package of incremental policies designed to enhance economic growth and improve structural quality at a press conference in Beijing on Tuesday.

Among the key initiatives is the introduction of measures specifically designed to protect investors.

"Efforts are made to revitalize the capital market. Departments concerned will take strong and effective comprehensive measures to guide medium- and long-term capital into the market, address difficulties blocking the entry of funds from social security, insurance, and wealth management into the market, support mergers and acquisitions among listed companies, and steadily promote the public fund reforms. We will also study and roll out policies aimed at protecting small and medium-sized investors. Currently, steps are quickened to roll out these policies," Zheng said.

Chinese State Councilor Shen Yiqin attended a reception celebrating the 75th anniversary of the establishment of diplomatic relations between China and Russia at the Russian embassy in Beijing on Tuesday.

Shen, also the Chinese chairman of the China-Russia Committee on Humanities Cooperation, said that under the guidance of the important consensus reached by the two heads of state, China is willing to work with Russia to take the opportunity of celebrating the 75th anniversary of China-Russia diplomatic ties and the China-Russia Years of Culture to deepen cooperation in various fields and create more benefits for both peoples.

Russian Ambassador to China Igor Morgulov said Russia stands ready to further deepen its traditional friendship with China and push for greater development of Russia-China relations.