Chinese VP urges reform of capital market

Vice Premier Wang Qishan met with members of the International Advisory Council to the China Securities Regulatory Commission on Friday, vowing further reform of China's capital market.

Despite the rapid development and huge changes achieved by the country's capital market in recent years, it still appears comparatively immature, he told the 20-strong delegation.

Wang said China's capital market would learn from successful international capital markets, accelerate institutional innovation, strengthen market regulation and take active and steady steps to open up further to the outside world.

He also called for the protection of investors' interests.

Howard Davies, a council member and also former chairman of the British Financial Services Authority, said he is confident in the outlook of China's capital market and will make contributions to this end.