China's solid economic fundamentals, increased appeal to foreign investors and strengthened market regulation will ensure a healthy capital market in the long term despite short-term fluctuations.

As of May 16, China's benchmark Shanghai Composite Index has plunged 8.96 percent from the peak level this year.

Meanwhile, net capital outflow under the northbound trading of the "Stock Connect" programs between the Shanghai and Hong Kong exchanges and the Shenzhen and Hong Kong exchanges totaled 30.71 billion yuan (about 4.46 billion U.S. dollars) and 18.08 billion yuan respectively since April, under the influence of fluctuated exchange rate of Chinese yuan and external uncertainty.

The short-term fluctuations of the stock market partly mirrored investors' concerns over the future, however, China's capital market has a solid foundation to continue its sound and upward development.

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