An article published in Monday's People's Daily said that China's A share market doesn't enable its investors to fully share the fruits of economic growth and suggested the problem lies with the market system, New Express Daily reported Tuesday.

According to the article, the urgent solution now is to reform and improve the IPO system.

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It said that the Shanghai A share market has risen by only 40 percent in the past ten years, while the stock market of the other economies with fast GDP growth rates have scored an increase of at least three times the original value in the same period.

The author pointed out that China's A share market has an obvious problem which is that it "values financing and neglects investment". By reforming the market system, investors will be given the right to speak and balance the roles between investors and listed companies.

A fair and equitable market environment is needed, according to the article.