Stocks News
- Financial supervision top priority: Hu
Date: 31-Aug-2007 Sources: (Shenzhen Daily)
PRESIDENT Hu Jintao said Wednesday the country's financial leaders should make the supervision of financial markets its top priority as part of efforts to safeguard the country's economy.
Hu's comments came after China's inflation surged more than 5 percent year on year in July, local stock markets continued to hit record highs and the economy is facing the problem of overheating. He said that financial tools should be used in a 'more efficient way?to help the country's macroeconomic controls. Hu said the government should aim to secure the healthy development of the capital market at a time when domestic and overseas financial markets are becoming increasingly linked.
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