吴晓求：资本市场生态链亟待系统性重塑

Core Viewpoint - The capital market ecosystem in China urgently needs systematic restructuring to enhance its strategic positioning and core functions, shifting from traditional financing to promoting social innovation and wealth management [1] Group 1: Reform Areas - Reforming the asset side to provide investors with long-term returns that match risks [1] - Reforming the funding side by removing institutional constraints and introducing long-term institutional funds such as social security and pension funds to stabilize the market [1] - Reforming the regulatory framework to ensure market transparency and significantly increase the costs of violations [1] Group 2: Goals and Impacts - The comprehensive restructuring of the capital market ecosystem is expected to elevate China's capital market to a higher level of institutional openness [1] - This transformation aims to better support the national innovation-driven development strategy and the construction of a strong financial nation [1]