2025金融街论坛｜吴清：择机推出再融资储架发行制度

Core Viewpoint - The Chairman of the China Securities Regulatory Commission, Wu Qing, emphasized the importance of high-quality listed companies as the cornerstone for the stable operation of the capital market and announced plans to introduce a refinancing framework to support mergers and acquisitions [1] Group 1 - The introduction of a refinancing framework aims to broaden the channels for mergers and acquisitions, promoting industrial integration among listed companies [1] - Wu Qing urged listed companies to enhance governance and increase dividend repurchases to solidify their value foundation and reward shareholders with tangible returns [1] Group 2 - The focus will also be on leveraging long-term funds as a stabilizing force, advancing public fund reforms, and ensuring that pension and insurance funds implement long-term assessments [1] - Efforts will be made to enrich products and risk management tools suitable for long-term investments, aiming to improve the market ecosystem for long-term capital [1]