2025五道口金融论坛|中国贸促会原副会长张慎峰：对中国进一步扩大开放、拥抱全球化充满信心

Group 1 - Recent policies aim to improve listing standards, enhance inclusivity and competitiveness, promote mergers and acquisitions, and attract long-term capital to support the development of quality companies while facilitating the exit of underperforming firms [1][6] - China has achieved significant success as an emerging market economy, with a strong momentum towards further opening up and embracing globalization [1][6] Group 2 - The Hong Kong Hang Seng Index has shown a strong performance recently, leading the mainland market, with an increasing correlation between the index and A-share market trends [3][4] - The A-share market has seen rapid development over the past 30 years, with approximately 5,400 companies listed [4] Group 3 - The current market is in a Kitchin contraction phase, which typically lasts around 11 to 12 months, with the U.S. market experiencing volatility and potential further declines [4][5] - Despite the trend of de-globalization, there is confidence that China's capital market will continue to thrive, supported by various measures aimed at stabilizing the market [5][6] Group 4 - The increasing number of companies listing in Hong Kong and the U.S. reflects China's ongoing integration into the global market, with a focus on enhancing market systems and regulatory frameworks [6]