On September 10, at the press conference of the State Information Office, Li Chao, vice chairman of the China Securities Regulatory Commission, said that the first is to further improve the inclusiveness and adaptability of the capital market system. Actively adapt to global scientific and technological innovation and industrial transformation trends, and continue to step up efforts to prepare “five major articles” on technology finance, etc. Vigorously enhance the quality and efficiency of capital market services and new productivity development. Optimize the issuance and listing system to support the transformation and upgrading of emerging industries, future industries, and traditional industries, and the development and growth of high-quality enterprises of different types, industries, and diversified industries, such as modern services and emerging consumption. The second is to further enhance the internal stability of the capital market. Summarize the experiences and practices of the past few years, continue to strengthen market stabilization mechanisms, and continuously strengthen market stability. Further broaden medium- to long-term funding sources, channels, and market entry methods, and improve the “long-term investment” market mechanism and ecosystem. Strengthen risk monitoring, early warning and comprehensive research and judgment, and make every effort to maintain the smooth operation of the capital market. The third is to further strengthen supervision and investor protection. Adhere to the popular nature of financial work, continue to strengthen the “Five Major Regulations”, focus on major illegal acts such as fraudulent issuance, financial fraud, market manipulation, and insider trading, and focus on “identifying and countering pain” to increase the deterrent power of supervision and enforcement. Accelerate the improvement of the capital market legal system and improve investor protection mechanisms, so that investors can actually feel the fairness and justice of the market. Fourth, further improve the multi-level capital market system. It is compatible with the full cycle and differentiated financial needs of the real economy, and promotes each market and sector to further improve their positioning and enhance their functions. Improve the diversified equity financing system. Develop a multi-level bond market and give full play to the role of asset securitization and REITs to revitalize the stock. Improve the variety layout of the futures market and enhance the influence of commodity prices. The fifth is to further improve the quality and investment value of listed companies. The high-quality development of the capital market is inseparable from a high-quality group of listed companies. More vigorous efforts should be made to unleash the vitality of mergers, acquisitions, restructuring, and reform, and to support the transformation and upgrading of listed companies to become better and stronger. Raise the level of corporate governance and standardized operation, and guide listed companies to enhance their own value through equity incentives, dividend repurchases, etc. Strictly implement and continuously improve the delisting system. The sixth is to further speed up the construction of first-class investment banks and investment institutions. Highlight functional requirements, continue to promote industry institutions to focus on their main business, improve governance and misplaced development, enhance their comprehensive strength and professional service capabilities, and actively cultivate a good industry culture and investment culture. The seventh is to further build a safe and efficient financial infrastructure. Accelerate the construction of world-class exchanges and comprehensively enhance comprehensive strength and global competitiveness. Improve the security and technological level of infrastructure such as transaction settlement. Eighth is to further expand high-level opening-up to the outside world. We insist on promoting reform and development through opening-up, continuously raising the level of facilitation of cross-border investment and financing, optimizing institutional mechanisms such as qualified overseas investors and connectivity, and supporting enterprises to make good use of the resources of both domestic and overseas markets. Actively participate in global financial governance and strengthen regulatory capacity building under open conditions.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.