注重投融资相协调 引导长钱向“新”集聚

Group 1 - The core viewpoint emphasizes the importance of enriching the categories of STAR Market ETFs and derivatives to enhance market functions and provide diversified investment options and effective risk management tools for investors [1][4]. - The "STAR Market Opinions" propose to include STAR Market ETFs in the fund advisory configuration range, aiming to guide long-term capital towards new productive forces and improve fund utilization efficiency through professional management [2][3]. - The rapid expansion of STAR Market broad-based ETFs has effectively directed social funds towards the development of new productive forces, with the total scale exceeding 200 billion [3]. Group 2 - The introduction of more STAR Market ETF options and futures will provide additional risk management tools for medium to long-term capital, responding to the growing demand for risk management as investment scales increase [4]. - The China Securities Regulatory Commission (CSRC) has announced that starting from October 9, qualified foreign investors will be allowed to participate in on-site ETF options trading, aimed at hedging [4]. - The CSRC is also supporting the establishment of specialized technology companies in Shanghai to enhance asset management services, thereby improving investment and risk management capabilities for various investment institutions [4]. Group 3 - There is a strong push to cultivate and expand patient capital in the capital market ecosystem, which requires creating a more attractive and competitive market system and product service matrix [5][6]. - The involvement of social security funds, insurance funds, and industrial capital in private equity investment is expected to increase, thereby enhancing financial support for technological innovation [6]. - Regulatory adjustments are being made to optimize mechanisms for fund share transfers and encourage long-term and value investments from insurance funds [6].