Liu He, member of the Politburo and Vice Premier of the State Council, said in an interview that the government attaches great importance to the healthy and stable development of the stock market, promotes the healthy development of the stock market, and must launch new reform measures in a targeted manner. At present, the work arrangements that have been adopted are mainly in stabilizing the market, reforming the basic market system, encouraging long-term market funding sources, promoting the reform of state-owned enterprises as well as the development of private enterprises, and enhancing further opening-up.The more mature the modern financial market is, the higher the efficiency of the financial system is, and the greater the probability of risk contagion and resonance is. The risk of one market will quickly spread to other markets, which may lead to serious consequences. We should be soberly aware that after more than 20 years of development in our capital market, its risk spillover and spread often exceed people's expectations.Since the 18th National Congress of the Communist Party of China, General Secretary Xi Jinping has delivered a series of important speeches on financial work, comprehensively expounding the importance of preventing and dissolving financial risks and maintaining the bottom line of systemic risks. China's current financial problems are of great particularity, which requires us to deal with all kinds of hidden risks in a more proactive and prudent manner.
