(Yicai Global) Oct. 23 -- China will accelerate market reforms to attract medium and long-term investments from institutional investors.

The China Securities Regulatory Commission will relax the restrictions on the proportion and scope of medium and long-term capital in the market, optimize policies, improve transaction efficiency, and reduce costs, the CSRC posted in a statement on its website, citing Chairman Yi Huiman speaking at a conference. 

Institutional investors should improve their evaluation systems and take long-term returns as the main goal, Yi said. They should actively invest in innovative enterprises while participating in the governance of listed ones to create value, he added.

The CSRC will develop investment advisory services, as well as seek to improve the experience of wealth management institutions to facilitate a transition from short-term approaches to long-term ones.

Editor: Emmi Laine