BEIJING — Vice-Premier Liu He met with members of the China Securities Regulatory Commission (CSRC)'s International Advisory Council (IAC) and guests who were in Beijing for the IAC meeting on Nov 11.

Liu, also a member of the Political Bureau of the Communist Party of China Central Committee, said China pledged to enhance the basic system construction of the capital market during the fourth plenary session of the 19th Central Committee of the Communist Party of China (CPC) held in late October.

He said the current IAC meeting is timely and focused, calling on members to give full play to their professional advantages and offer more advice on deepening reform and opening-up of China's capital market.

Howard Davies, chairman of the IAC, and other IAC members gave suggestions on improving corporate governance, attracting long-term capital and institutional investors and dealing with the relations between openness and regulation.

According to the CSRC, China's securities watchdog, the IAC is an advisory committee comprising noted scholars, academicians, and professionals from international financial institutions as well as from the Chinese regions of Hong Kong and Taiwan.