吴清金融街论坛重磅发声！全文来了

Core Insights - The speech emphasizes the importance of financial high-quality development and the need for reforms in China's capital markets to adapt to both domestic and international challenges [3][5][9] Group 1: Economic and Market Context - The past five years have seen China's capital markets withstand multiple risks and challenges, leading to improved market resilience and effective support for economic development [4] - The global economic landscape is undergoing significant changes, with over $150 billion of international funds flowing into emerging markets in the first nine months of this year, indicating a re-evaluation of Chinese assets [4] - New industries and business models, particularly in AI and biomedicine, are emerging, requiring substantial patient capital and a flexible financing environment to support innovation [4][5] Group 2: Policy and Reform Initiatives - The introduction of the "1+6" policy for the Sci-Tech Innovation Board aims to enhance the inclusiveness and coverage of the multi-tiered market system, with new companies set to list soon [6] - The focus will be on solidifying the foundation of the market by promoting high-quality listed companies and expanding channels for mergers and acquisitions [7] - A new scheme to optimize the Qualified Foreign Institutional Investor (QFII) system has been launched to improve transparency and efficiency for foreign investors [8] Group 3: Risk Management and Investor Protection - There is a strong emphasis on enhancing risk prevention and regulatory measures to protect investor rights, including a series of practical measures aimed at improving the trading environment for small investors [8] - The commitment to strengthen the monitoring of cross-market and cross-border risks is highlighted, along with a focus on deterring financial misconduct [8]