“A high-quality pearl necklace needs good pearls which in stock market refer to high-quality listed companies. We need enough number of pearls to make a necklace; that means the number of listed companies will increase. The string that holds the pearls together needs to be strong and durable, in stock market, that means we need a solid basic system and right direction for the reform. Pearls should be put on the string one by one, and they need to be kept away from sweat in summer, that is to say, the growth of the capital market is a gradual process. The lock on the necklace is supervision, and the lock should be strengthened in order to protect legal interests of investors.”
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