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Reuters reports comments from Jiang Yang, Vice-Chairman of the China Securities Regulatory Commission (CSRC), as quoted by the Chinese state-run Securities Times newspaper on Monday.

Jiang, speaking at a forum, said  China must vigorously promote equity financing to boost the long-term capital of enterprises and reduce their dependence on debt.

The CSRC said on Friday that exchanges need to pay close attention to debt risks following a recent spate of corporate defaults, as Reuters reports.