Lujiazui Forum 2015 is being held in Pudong, Shanghai. Three parallel sessions on reform were held Friday afternoon, with Exchange & Interest Rates Liberalization and Opening Up of Capital Account, Promoting Registration-Based IPO Reform and Enhancing the Role of Direct Financing and Reform and Innovation of the Insurance Sector and the Shanghai International Insurance Center Initiative as their themes respectively.
China is embracing a wave of mass entrepreneurship and innovation. However, the administrative approval system for IPO has prevented China’s stock market from serving as an accelerator to entrepreneurship and innovation. With the revision of the Securities Law, there is no turning back on registration-based IPO reform. Will this reform revolutionize the stock market and how? How to adopt multiple measures to increase the proportion of direct financing? These pics show the Reform Session II is being held. (Eastday/Jiang Wenran)