证监会： 不断提升市场吸引力、包容性和竞争力

Group 1 - The core viewpoint emphasizes the need for high-quality planning and implementation of the "15th Five-Year" capital market strategy, focusing on enhancing market attractiveness, inclusiveness, and competitiveness [1][3] - The "14th Five-Year" period saw significant improvements in China's capital market, with a comprehensive restructuring of foundational systems and regulatory logic, leading to a more robust multi-tiered market system and enhanced market resilience [1][2] - Participants at the meeting proposed specific recommendations for the "15th Five-Year" capital market planning, including reforms in areas such as issuance, refinancing, and mergers and acquisitions to boost market appeal and inclusivity [2] Group 2 - There is a strong emphasis on supporting listed companies to improve their quality and investment value, encouraging higher dividend payouts and share buybacks, and enhancing the role of institutional investors in corporate governance [2][3] - The development of high-quality securities and fund companies is encouraged to create top-tier investment banks and institutions, alongside promoting the high-quality growth of intermediary services like accounting and law firms [2] - The need to enrich the A-share market product service system, including indices, ETFs, and derivatives, is highlighted to better serve the wealth preservation and appreciation needs of residents [2]