吴清：证监会将启动实施深化创业板改革，A股、港股配置价值更加显现

Core Points - The China Securities Regulatory Commission (CSRC) will implement reforms to the ChiNext board to better align with the characteristics of emerging industries and innovative enterprises [2] - The CSRC has officially launched the "Qualified Foreign Investor System Optimization Work Plan," aimed at improving access management and investment efficiency for foreign investors [3] - The value of Chinese assets, including A-shares and Hong Kong stocks, is becoming more apparent amid risk re-pricing and asset rebalancing [7] Group 1: Reforms and Initiatives - The CSRC will deepen reforms on the ChiNext board, establishing listing standards that cater to new industries and technologies [2] - The "Qualified Foreign Investor System Optimization Work Plan" includes measures to streamline approval processes and expand investment scope for foreign investors [3] - A refinancing framework will be introduced to support mergers and acquisitions, encouraging companies to enhance governance and return value to shareholders [8] Group 2: Market Development and Investor Protection - The CSRC aims to promote the high-quality development of the Beijing Stock Exchange and improve the connection mechanisms between different market tiers [10] - New opinions on strengthening the protection of small and medium investors will be released, focusing on enhancing fairness in trading and improving service levels [11] - The CSRC will adopt a "zero tolerance" approach to financial fraud and market manipulation to bolster investor confidence [12] Group 3: Market Stability and Long-term Investment - The CSRC will enhance risk monitoring across markets and industries to prevent significant market fluctuations [13] - Efforts will be made to leverage long-term capital as a stabilizing force in the market, promoting reforms in public funds and encouraging long-term investment strategies [14]