证监会召开专题座谈会 吴清发声

Core Viewpoint - The China Securities Regulatory Commission (CSRC) is focusing on high-quality planning for the "14th Five-Year" capital market strategy, emphasizing the importance of deepening reforms and enhancing market attractiveness and competitiveness [1][4]. Group 1: Capital Market Reforms - The reform of the Sci-Tech Innovation Board and the Growth Enterprise Market will serve as key drivers for further deepening comprehensive reforms in investment and financing [2][4]. - A new round of capital market reform and opening-up will be fully promoted to enhance the market's appeal, inclusiveness, and competitiveness [2][4]. Group 2: Market Development and Ecosystem - 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][3]. - The foundational systems and regulatory logic of the capital market have been comprehensively restructured, leading to a more complete multi-level market system and enhanced market resilience [2][3]. Group 3: Specific Suggestions for Future Planning - Suggestions include further deepening reforms in areas such as issuance and listing, refinancing, and mergers and acquisitions, while improving policy execution mechanisms to enhance market attractiveness and inclusiveness [3]. - There is a call for greater support for listed companies to improve their quality and investment value, including encouraging higher dividend payouts and share buybacks [3]. - The development of high-quality securities and fund companies is encouraged to create top-tier investment banks and institutions, while also enhancing the capabilities of intermediary institutions like accounting and law firms [3].