每经热评丨增强资本市场吸引力 应从哪些角度去发力？

Core Viewpoint - The meeting of the Central Political Bureau on July 30 emphasized the need to enhance the attractiveness of the domestic capital market, which is expected to bring significant changes and impacts across various sectors and industries [1] Group 1: Enhancing Market Attractiveness - To enhance the attractiveness of the capital market, it is essential to improve its inclusiveness, allowing companies at different development stages to access the market and providing investors with more choices [2] - The quality of listed companies is a critical factor; the presence of more high-quality companies will strengthen market appeal, necessitating efforts to attract these companies to list earlier [2] Group 2: Investor Returns - Enhancing market attractiveness is also linked to improving investor returns, with A-shares projected to have a cash dividend of 2.39 trillion yuan in 2024, yielding a dividend rate of 2.4%, significantly higher than bank deposit rates [3] - The performance of bank stocks and technology stocks has been strong, contributing to a positive investor experience and indicating that reforms aimed at emphasizing investment returns are yielding results [3] Group 3: Collaborative Efforts - The capital market operates as a complex system influenced by various factors, including policies, corporate performance, and market sentiment, necessitating coordinated efforts from multiple stakeholders [4] - Recent policies have improved market expectations and confidence, leading to significant price increases in commodities like polysilicon and coal, positively impacting related listed companies [4] - A collaborative approach among regulatory bodies has led to a clearer market environment, enhancing the overall attractiveness of the capital market [4]