会上，潘功胜介绍，加快构建覆盖全面的宏观审慎管理体系。将完善并强化重点机构和重点领域风险防 范举措。强化系统重要性银行附加监管，充分发挥逆周期资本缓冲、恢复与处置计划等作用。适时发布 系统重要性保险公司名单，推动附加监管工作落地。拓展中央银行维护金融市场稳定的宏观审慎管理功 能。重点关注金融机构的杠杆水平和期限错配，及时阻断金融市场流动性风险、利率风险的累积，遏制 金融市场的"羊群效应"。完善金融市场基础设施监管，建立中央对手方流动性风险约束和流动性支持机 制。持续完善跨境资本流动宏观审慎管理，根据形势及时采取逆周期调控措施，保持跨境资本流动总体 平稳。做好房地产金融宏观审慎管理工作，健全房地产金融分析框架，优化房地产金融基础性制度。 北京商报讯（记者 刘四红）10月27日，在2025金融街论坛年会上，中国人民银行行长潘功胜就"中国宏 观审慎管理体系的建设实践与未来演进"主题发表演讲。 ...

Core Viewpoint - The People's Bank of China (PBOC) is accelerating the construction of a comprehensive macro-prudential management system to enhance the monitoring and assessment of systemic financial risks [1] Group 1: Monitoring System - The PBOC aims to improve the dynamic monitoring capabilities of the national financial database for key risk areas [1] - The bank will leverage the interbank market transaction reporting database to frequently gather and monitor financial market trading behaviors [1] Group 2: Assessment System - The macro-prudential assessment (MPA) established by the PBOC in 2016 is currently more focused on serving monetary policy [1] - The PBOC is considering splitting the MPA into two parts: one focusing on assessing the execution of monetary policy and the other on macro-prudential and financial stability assessments [1] - A preliminary plan has been formed, and the PBOC will communicate with financial institutions to further refine the execution of this plan [1]

Core Viewpoint - The People's Bank of China and the State Administration of Foreign Exchange will introduce nine policy measures to enhance trade innovation and facilitate cross-border trade and investment, aiming to create a more open and efficient foreign exchange management system [1][2]. Group 1: Policy Measures - Nine new policy measures will be implemented to promote trade innovation and development [1]. - Policies will include the integration of domestic and foreign currency pools for multinational corporations and management of funds for domestic companies listed overseas [1]. - Integrated foreign exchange management reforms will be piloted in free trade zones to support new levels of autonomous opening-up [1]. Group 2: Market Development - The foreign exchange market's trading volume is expected to grow by 37% in 2024 compared to 2020, while the scale of foreign-related income and expenditure is projected to increase by 64% [1]. - In the first three quarters of this year, China's foreign-related income and expenditure reached a record high of 11.6 trillion USD [1]. Group 3: Future Goals - The future foreign exchange management system will focus on being "more convenient, more open, more secure, and smarter" [2]. - There will be an emphasis on enhancing the foreign exchange policy system that rewards integrity with convenience, particularly in trade facilitation [2]. - The management will also aim to deepen reforms in direct investment, cross-border financing, and securities investment [2].

Core Viewpoint - The 2025 Financial Street Forum emphasizes the importance of high-quality financial development during the "14th Five-Year Plan" and the upcoming "15th Five-Year Plan" in China, highlighting the need for the financial system to support national goals and contribute to modernization and national rejuvenation [1][2]. Group 1 - The financial sector has achieved significant results under the strong leadership of the Party during the "14th Five-Year Plan" period [1]. - The "15th Five-Year Plan" is identified as a critical period for achieving socialist modernization and promoting high-quality financial development [1]. - The financial system is urged to actively participate in implementing the national "15th Five-Year Plan" and to convert strategic directions into concrete actions [1]. Group 2 - There is a focus on risk prevention, strong regulation, and promoting high-quality development within the financial sector [1]. - The financial system is expected to support the completion of the main goals of the "15th Five-Year Plan" and contribute to the construction of a strong nation and national rejuvenation [1]. - The current global financial landscape presents both challenges and opportunities, with China expressing willingness to engage in global financial governance and reform [1]. Group 3 - Beijing's deep financial heritage is highlighted, with a commitment to support the city's strategic positioning as a "four centers" city [2]. - There is an emphasis on optimizing the financial development ecosystem and deepening financial reform and opening up in Beijing [2]. - The goal is to promote high-quality financial development in the capital [2].

转自：新华财经 新华财经北京10月27日电 据证监会网站消息，中国证监会研究起草了《关于加强资本市场中小投资者 保护的若干意见》，并于10月27日正式发布。 《若干意见》按照"针对核心关切、力求务实管用、于法有据"的思路，聚焦中小投资者关注的重点问 题，围绕强化发行上市过程中的中小投资者保护、营造有利于中小投资者公平交易的制度环境、压实经 营机构中小投资者保护责任、严厉打击侵害中小投资者利益的违法行为、深入推进证券期货纠纷多元化 解机制建设、更好发挥投资者保护机构职能作用、健全终止上市过程中的中小投资者保护制度机制、强 化中小投资者保护的法治保障等八个方面，提出了二十三项具体措施。相关措施有利于健全投资者保护 机制，增强资本市场内在稳定性，有效保护中小投资者合法权益，有力提振市场信心。 《若干意见》作为落实中央政治局会议要求的重要成果，明确了当前和今后一个时期中小投资者保护的 总体思路和政策举措，是资本市场投资者保护领域的一部综合性政策文件。 下一步，中国证监会将会同有关方面持续强化工作协同，推动《若干意见》各项举措落实落地，切实保 护好投资者特别是中小投资者合法权益。 编辑：王媛媛 ...

北京商报讯（记者 李秀梅）10月27日，中国人民银行行长潘功胜在2025金融街论坛年会上表示，适时 发布系统重要性保险公司名单，推动附加监管工作落地。 ...

Core Viewpoint - The Chairman of the China Securities Regulatory Commission, Wu Qing, emphasized the importance of long-term funds as a "ballast" and "stabilizer" in the financial market, advocating for reforms in public funds and the implementation of long-term assessments for corporate annuities and insurance funds [1] Group 1 - The focus is on enhancing the role of medium to long-term funds in stabilizing the financial market [1] - There is a commitment to advancing public fund reforms to better support long-term investments [1] - The initiative aims to enrich products and risk management tools that are suitable for long-term investments [1]

Core Viewpoint - The Chairman of the China Securities Regulatory Commission (CSRC), Wu Qing, emphasized the importance of coordinating two markets and two types of resources to steadily expand high-level institutional foreign openness [1] Group 1: Market Development - The CSRC plans to announce the fundraising of two ETF products that will allow Chinese investments in overseas markets [1] - There will be an optimization of the mutual connectivity mechanism to enhance the efficiency of overseas listing filings [1] Group 2: Cooperation and Interaction - The CSRC aims to deepen practical cooperation between the mainland and Hong Kong markets [1] - Efforts will be made to promote a new development pattern characterized by coordinated development of onshore and offshore markets, as well as a positive interaction between openness and security [1]

同时，吴清表示，将坚持打造服务创新型中小企业主阵地的定位，持续推动北交所高质量发展，健全新 三板市场差异化的挂牌、信披、交易制度，畅通三、四板对接机制，筑牢多层次资本市场的塔基和底 座。 北京商报讯（记者 马换换 李佳雪）10月27日，中国证监会主席吴清在2025金融街论坛年会开幕式上表 示，将启动实施深化创业板改革，设置更加契合新兴领域和未来产业创新创业企业特征的上市标准，为 新产业、新业态、新技术企业提供更加精准、包容的金融服务。 ...

北京商报讯（记者 马换换 李佳雪）10月27日，中国证监会主席吴清在2025金融街论坛年会开幕式上表 示，今天，将发布加强资本市场中小投资者保护的若干意见，围绕强化发行上市、退市等过程中的投资 者保护，营造更加公平的交易环境，提升行业机构的客户服务水平，推进证券期货纠纷多元化解机制建 设等中小投资者重点关切，推出23项务实举措，不断扎牢织密投资者保护"安全网"。 ...