Capital market hails government's thrust on reforms, fundamentals 1 Sustained development of China's capital market can be expected as the central government has confirmed its stance on perfecting the fundamental market mechanisms in the latest Government Work Report, said experts. According to the report delivered by Premier Li Keqiang at the opening of this year's session of the 13th National People's Congress in Beijing on Friday, continued efforts will be made this year to advance the reform of registration-based initial public offering mechanism in the A-share market. Registration-based IPO mechanism was first experimented at the Nasdaq-style STAR Market at the Shanghai Stock Exchange in July 2019. The mechanism was adopted at the technology-focused ChiNext in Shenzhen last August.