吴清发声！以深化投融资改革为牵引，提升基础制度、监管执法等方面适应性

Group 1 - The core viewpoint of the news is the emphasis on the achievements and future directions of China's financial industry during the "14th Five-Year Plan" period, focusing on enhancing market competitiveness and supporting high-quality development [1] - The China Securities Regulatory Commission (CSRC) aims to deepen comprehensive reforms in investment and financing, improving the adaptability and inclusiveness of market systems and regulations [1][4] - The CSRC highlighted the significant role of the capital market in supporting technological innovation, with over 90% of new listed companies being technology-related, and the market capitalization of the technology sector exceeding 25% of the total A-share market [2] Group 2 - During the "14th Five-Year Plan," listed companies have shown a stronger commitment to returning value to investors, with total dividends and buybacks reaching 10.6 trillion yuan, an increase of over 80% compared to the previous five years [4] - The A-share market has demonstrated enhanced resilience and risk resistance, with the Shanghai Composite Index's annualized volatility decreasing by 2.8 percentage points to 15.9% during the "14th Five-Year Plan" [4] - The regulatory environment has improved, with 2,214 administrative penalties for financial misconduct issued, totaling 41.4 billion yuan, marking increases of 58% and 30% respectively compared to the previous five years [5]