Yi Huiman, chairman of the China Securities Regulatory Commission, the top securities regulator

Stricter regulation of mergers and acquisitions in some sensitive areas will be adopted to contain risk spillover, and different stakeholders should step up concerted efforts to establish a system of preventing the irregular expansion of capital.

The flow of capital is important for pushing forward technological innovation and high-quality development, but the nature of capital to expand on its own could lead to monopolies and harm the interests of consumers and smaller businesses.

Market-oriented methods will be adopted to mitigate bond default risks, such as asset sales, debt restructuring and the introduction of strategic investment by bond issuers and relevant parties.