Reforms on China's capital market to serve real economy

An investor checks share prices at a securities brokerage in Nanjing, capital of Jiangsu province. (Photo provided to China Daily)

BEIJING: China has laid the cornerstone to build a capital market that is more capable of serving the real economy via revisions to the Securities Law, with breakthroughs in deepening market-oriented reforms and intensifying a crackdown on illegal market behaviour, experts said.

The revision made systemic amendments to gradually implement the registration-based new share sales system across the whole A-share market, and will take effect on March 1, according to the Standing Committee of the National People's Congress, the country's top legislature.