吴清 最新发声！

Core Viewpoint - The China Securities Regulatory Commission (CSRC) is focusing on high-quality planning for the "14th Five-Year" capital market strategy, emphasizing the need for comprehensive reforms and improvements in the capital market to enhance its attractiveness and inclusivity [1][2][3]. Group 1: Capital Market Development - During the "14th Five-Year" period, China's capital market has achieved both quantitative and qualitative improvements, particularly following the implementation of the new "National Nine Articles" and the "1+N" policy framework [2]. - The market's foundational systems and regulatory logic have been comprehensively restructured, resulting in a more complete multi-tiered market system and enhanced market resilience [2]. Group 2: Recommendations for the "15th Five-Year" Plan - Suggestions for the "15th Five-Year" capital market planning include deepening reforms in areas such as issuance, refinancing, and mergers and acquisitions, while improving policy execution mechanisms [2]. - There is a call for greater support for listed companies to enhance their quality and investment value, including encouraging higher dividend payouts and share buybacks [2]. - The need to support high-quality securities and fund companies in building top-tier investment banks and institutions is emphasized, alongside promoting the high-quality development of intermediary institutions like accounting and law firms [2]. Group 3: Strategic Emphasis - The CSRC Chairman Wu Qing highlighted the importance of adhering to the principles of comprehensive leadership, prioritizing the people, and promoting high-quality development in the upcoming capital market planning [3]. - The focus will be on leveraging the reforms of the Sci-Tech Innovation Board and the Growth Enterprise Market to further deepen comprehensive reforms in investment and financing [3]. - The aim is to enhance the market's attractiveness, inclusivity, and competitiveness while fostering a culture that respects and rewards investors [3].