Beijing (Reuters) – The highest regulator of the China financial market said on Saturday that “stabilizing the market, stabilizing confidence and stabilizing expectations” were priorities, as the Government works to provide better access to capital technology. Leader.

Wu Qing, who took over as head of the China Regulatory Regulatory Commission a year ago when China’s stock market markets were slipping, said regulators had been working to restore confidence since the end of September , when Beijing launched a series of stimulus measurements.

These measures, Wu, said, support the goal of President Xi Jinping to make China a “financial power” and create funding opportunities for the capital market for companies with innovative technology.

“In today’s world, finance is a battlefield for great powers,” Wu said in Qiiushi’s observations, the publication of official policies of the Chinese Communist Party.

The Chinese Chinese CSI300 Index has increased more than 20%, as Beijing presented a monetary and fiscal stimulus in late September, although the market has exceeded more than half of its initial benefits.

Many abroad investors want more clarity about the plans of United States President Donald Trump for China and Beijing’s response.

Trump said on Friday that he was imposing 10% of rates on the goods of China, as well as 25% of taxes on the imports of Canada and Mexico. He said in an interview with Fox News, however, however, he believed he could make an agreement with China in trade.

Wu said in his essay that the focus of capital markets in China had gone from “scale expansion” to a more aimed support for key technologies, in accordance with the priority of XI for the development of industries. such as artificial intelligence, biosciences, robotics and others that the President has labeled “new productive forces”.

The regulator said that, despite the scale of the markets and bonds of China, the second largest in the world, and the number of contributed companies, there was not enough financing support for innovation.

“The structure is not reasonable. The scientific and technological content of the contributed companies is too low and the market has not played its role in supporting innovation and industrial innovation,” he said.

(Kevin Krolicki report; William Mallard Edition)