Venture(US:VEMLY) 智通财经网·2025-09-22 10:52Core Points - The China Securities Regulatory Commission (CSRC) is committed to implementing comprehensive reforms in the capital market as outlined in the 20th Central Committee's third round of inspections [1][16] - The focus is on enhancing the capital market's attractiveness and competitiveness through reforms in the Sci-Tech Innovation Board, Growth Enterprise Market, and the Beijing Stock Exchange [1][16] - The CSRC aims to strengthen risk management and regulatory enforcement capabilities while promoting the entry of long-term capital into the market [2][17] Group 1: Political Responsibility and Reform Implementation - The CSRC's Party Committee views the inspection rectification as a major political task and is actively implementing the required reforms [3][5] - A comprehensive responsibility system has been established to ensure effective implementation of the rectification tasks [3][5] - The Party Committee is enhancing its political construction and ensuring that the capital market's work aligns with the central government's directives [5][6] Group 2: Market Development and Investor Protection - The CSRC is focused on enhancing the capital market's functions to support new productive forces and technology-driven enterprises [7][8] - Measures are being taken to protect investors' rights, particularly for small and medium investors, through improved regulatory frameworks [6][8] - The introduction of a compensation system for investors affected by major policy changes is being prioritized [6][8] Group 3: Regulatory Enhancements - The CSRC is enhancing its regulatory framework to ensure a comprehensive and effective oversight mechanism [8][9] - There is a focus on increasing the effectiveness of regulatory enforcement and improving the detection of illegal activities in the market [8][9] - The establishment of a collaborative regulatory system is being pursued to strengthen inter-departmental cooperation [9][10] Group 4: Risk Management and Safety - The CSRC is improving its market risk monitoring and prevention capabilities, particularly in response to external risks [9][14] - A robust mechanism for managing risks associated with local financing platforms and real estate companies is being developed [9][14] - The emphasis is on maintaining market stability while addressing potential risks in key sectors [9][14] Group 5: Continuous Improvement and Long-term Goals - The CSRC is committed to ongoing rectification efforts and aims to establish a long-term mechanism for continuous improvement [16][18] - The focus is on integrating the rectification process with broader reforms in the capital market to ensure sustainable development [16][18] - The CSRC plans to regularly assess the effectiveness of implemented reforms and make necessary adjustments to prevent regression [18]