资本市场高水平制度型开放具备三大坚实基础

Group 1 - The China Securities Regulatory Commission (CSRC) emphasizes the importance of steadily advancing high-level institutional opening-up in the capital market as a key focus for the second half of the year [1] - The CSRC plans to accelerate the implementation of a comprehensive package of key measures for capital market opening by 2025, especially in the context of increasing global economic volatility [1][2] - China's economy is showing steady improvement, with GDP growth of 5.3% year-on-year in the first half of the year, providing a solid foundation for the capital market's opening-up [2] Group 2 - Continuous improvement in capital market policies and regulations, along with strong market liquidity and low valuations, creates a solid foundation for foreign investment [3] - The capital market's ample liquidity enhances its capacity to accommodate international capital, while low valuations offer better entry points and return potential for foreign investors [3] - The characteristics of the Chinese capital market align well with foreign investors' core demands for safety, efficiency, returns, and growth [3] Group 3 - The value of core quality assets in China is becoming increasingly prominent, with overall improvement in the quality of listed companies providing attractive investment targets for international capital [4] - The Chinese capital market hosts leading companies across various industries, including both traditional and emerging sectors, which are essential carriers of core quality assets [4] - The commitment to steadily advancing high-level institutional opening-up by regulatory authorities instills confidence in international investors regarding the long-term prospects of China's capital market [4]