Li Chao, vice chairman of the Securities Regulatory Commission, said at the press conference of the State Information Office on the afternoon of the 10th that in the next step, we will continue to play the role of the capital market as the main channel for mergers, acquisitions and restructuring, and focus on building a vibrant and orderly M&A market ecosystem. Strongly urge and guide listed companies to strengthen investors' awareness of returns, enhance the sustainability, timeliness and predictability of investor returns, and better protect the legitimate rights and interests of small and medium-sized investors.

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