证监会主席吴清：坚持监管“长牙带刺” 坚决打击违法违规行为

Group 1 - The core viewpoint of the news is the achievements in the financial sector during the "14th Five-Year Plan" period, emphasizing regulatory improvements and market development [1][3] - The China Securities Regulatory Commission (CSRC) has imposed 2,214 administrative penalties for financial misconduct, with fines totaling 41.4 billion yuan, marking increases of 58% and 30% compared to the "13th Five-Year Plan" [1][4] - The A-share market's total market capitalization surpassed 100 trillion yuan for the first time in August, indicating significant growth in the equity market [3][4] Group 2 - Over the past five years, the total financing through stock and bond markets reached 57.5 trillion yuan, with the proportion of direct financing increasing by 2.8 percentage points to 31.6% [4] - More than 90% of newly listed companies are technology-related, with the market capitalization of the technology sector now exceeding 25% of the total A-share market, surpassing the combined market capitalization of banking, non-banking financial, and real estate sectors [4] - Companies have significantly increased their return to investors, with total dividends and buybacks reaching 10.6 trillion yuan, an increase of over 80% compared to the "13th Five-Year Plan" [4] Group 3 - The CSRC is actively enhancing the capital formation mechanism and the mechanism for long-term funds entering the market [4] - The resilience and risk resistance of the A-share market have improved, with the annualized volatility of the Shanghai Composite Index at 15.9%, a decrease of 2.8 percentage points compared to the "13th Five-Year Plan" [4]