证监会吴清：中国资本市场的“朋友圈”越来越大

Core Viewpoint - The Chinese capital market is undergoing significant reforms and opening up, as highlighted by the China Securities Regulatory Commission (CSRC) Chairman, with a focus on enhancing the market's quality and efficiency during the "14th Five-Year Plan" period [1][2][3] Investment Side Reforms - Major breakthroughs have been achieved in investment-side reforms, including the implementation of a high-quality development action plan for public funds and a comprehensive three-stage fee reduction reform [1] - As of August 2023, various long-term funds held approximately 21.4 trillion yuan in A-share market capitalization, representing a 32% increase compared to the end of the "13th Five-Year Plan" [1] Financing Side Reforms - Continuous deepening of financing-side reforms has been emphasized, with efforts to facilitate long-term capital market participation from social security, insurance, and wealth management sectors [1] High-Quality Development of Listed Companies - The institutional mechanisms to promote the high-quality development of listed companies are being continuously improved [1] Institutional Opening Up - The "14th Five-Year Plan" period has seen the complete removal of foreign ownership limits for industry institutions and the optimization of mechanisms for qualified foreign investors [2] - A total of 13 foreign-controlled securities and fund futures institutions have been approved to operate in China during this period, with foreign holdings in A-shares reaching 3.4 trillion yuan [2]