Core Viewpoint - The 2025 Lujiazui Forum highlighted significant policies aimed at promoting the stable development of the capital market in China, with a focus on enhancing market functions and maintaining stability [1][2]. Group 1: Market Stability and Development - The Shanghai Stock Exchange aims to maintain market stability by strengthening internal stability mechanisms, enhancing market monitoring, and supporting listed companies in utilizing monetary policy tools [1]. - There is an emphasis on improving regulatory frameworks to solidify the foundation for market development and to boost market confidence through effective expectation management [1]. Group 2: Innovation and Reform - The forum discussed deepening reforms in the Sci-Tech Innovation Board to enhance inclusivity and adaptability, including better identification mechanisms for high-quality tech enterprises [2]. - The expansion of the fifth set of standards is intended to facilitate resource allocation towards new industries, business models, and technologies, thereby supporting technological innovation [2]. Group 3: Mergers and Acquisitions - The implementation of six key measures for mergers and acquisitions aims to enhance the capital market's role as the primary channel for M&A activities, improving review efficiency and creating a favorable M&A ecosystem [2]. - The focus is on facilitating the acquisition of quality unprofitable assets and promoting typical cases of mergers among listed companies to support transformation and upgrading [2]. Group 4: Long-term Investment - There is a strong push to attract long-term capital into the market, with efforts to enrich product offerings and improve the ETF product layout [2]. - The development of technology innovation bonds and green bonds, along with a robust stock options product system, is aimed at better meeting investor needs and supporting the construction of Shanghai as a financial center [2].
上交所理事长邱勇：巩固市场回稳向好态势 上交所将做好四方面工作
Xin Lang Zheng Quan·2025-06-18 08:40