中证报评论员：不断增强资本市场吸引力包容性

Core Viewpoint - The Central Political Bureau of the Communist Party of China emphasizes enhancing the attractiveness and inclusiveness of the domestic capital market, aiming to consolidate the positive momentum of market stabilization and improvement [1] Group 1: Market Stability and Resilience - The capital market has demonstrated significant resilience against unexpected external shocks this year, with improved mechanisms for stability and asset price stabilization being integrated into monetary policy [1][2] - The role of the Central Huijin Investment Ltd. is highlighted as it acts similarly to a "stabilization fund," strengthening the strategic efforts to stabilize the market [1] Group 2: Long-term Investment and Market Ecology - There is a strong focus on enhancing the investment value of listed companies, which are considered the cornerstone of the capital market, to ensure stability and attractiveness [2] - Regulatory bodies are working to expand the pool of quality listed companies and enhance their ability to return value to investors through various market management techniques [2] Group 3: Long-term Capital and Investment Coordination - Long-term capital is identified as a "stabilizer" for the capital market, with ongoing efforts to promote long-term investment strategies and improve the policy framework [3] - The importance of creating a conducive environment for long-term capital to enter, remain, and thrive in the market is emphasized as a key indicator of high-quality market development [3] Group 4: Support for Technological Innovation - The capital market is positioned as a "incubator" and "accelerator" for technological innovation, necessitating the establishment of a new institutional framework that aligns with the characteristics of innovative enterprises [3] - Regulatory authorities are actively promoting reforms in the Sci-Tech Innovation Board and plan to introduce comprehensive measures for the reform of the Growth Enterprise Market [3] Group 5: Ongoing Reforms and Challenges - Despite the complex internal and external environment, the steady economic fundamentals and proactive macro-control measures provide a clearer underlying logic for enhancing market stability and attractiveness through institutional reforms [4]