He Qiang, CPPCC member

He Qiang, CPPCC member said "The 4-trillion-yuan fiscal stimulus is planned to be spent over the next two years. That means 2 trillion yuan a year. The size is too small. Think about it. Our GDP has declined by 4 percentage points in just one year. This is unprecedented since 1990. And the impact of the financial crisis continues expanding."

He Qiang also suggests launching stock index futures as soon as possible to bolster market sentiment. He is also an advocate for setting up a stabilization fund. Some say this is a controversial move aimed at cushioning market upheavals.

He Qiang, CPPCC member said "As a step to improve the capital market system, a stabilization fund is completely necessary. But we should also be aware that the function of the fund is limited. And it needs an open and transparent market environment and should be subject to strict supervision."

Zhang Yunling, CPPCC member

Zhang Yunling, CPPCC member said "That's very controversial because when the market is not regulated, it's not predictable not on sound base, you just simply to rescue the market. That can only encourage speculator to do more. They can buy the share and sell it later, making the market even more unstable."

Regarding the long-expected Growth Enterprise Market, many delegates say it is not a right time to launch the mechanism. This is given the lack of liquidity and confidence in the stock market.

Click for more news in Biz China>>

Editor:Xiong Qu