北京市社会科学院研究员王鹏：完善多层次资本市场转板机制 提升资本市场包容性

Core Viewpoint - The meeting places capital market reform within a dual framework of "continuously preventing and resolving key area risks" and "accelerating the construction of a new development pattern," emphasizing its core functions of serving the real economy and stabilizing market expectations [1] Group 1: Recommendations for Capital Market Reform - Optimize institutional supply by deepening the registration system reform, establishing a "green channel" for the listing of "hard technology" companies, and improving the multi-level capital market transfer mechanism to enhance market inclusiveness [1] - Attract long-term capital by promoting individual pension funds to enter the market and expanding the equity investment ratio of insurance funds [1] - Strengthen risk prevention by severely punishing financial fraud and insider trading, improving the delisting compensation mechanism, and enhancing monitoring of cross-border capital flows to consolidate the market's recovery [1]