Core Viewpoint - The Chairman of the China Securities Regulatory Commission (CSRC), Wu Qing, emphasized the need for deepening reforms in the capital market, enhancing inclusivity and coverage of the multi-tiered market system, and improving investor protection effectiveness [1][2]. Group 1: Market Reforms - The CSRC plans to advance sector reforms to enhance the inclusivity and coverage of the multi-tiered market system, with a focus on the Science and Technology Innovation Board and the Growth Enterprise Market [2][3]. - The introduction of a refinancing framework is anticipated to broaden support channels for mergers and acquisitions, promoting industry consolidation among listed companies [3]. Group 2: Investor Protection - The CSRC aims to strengthen the protection of investors' rights and interests, enhancing risk prevention and regulatory measures to build investor trust and confidence [4]. - A series of practical measures will be introduced to improve the protection of small and medium investors, including enhancing the fairness of trading environments and improving customer service levels in the industry [4]. Group 3: Capital Market Development - The inflow of international funds into emerging markets has exceeded $150 billion in the first nine months of this year, leading to a revaluation and reallocation of Chinese assets such as A-shares and Hong Kong stocks [1]. - The CSRC is committed to creating a transparent, convenient, and efficient institutional environment for foreign investors, optimizing the Qualified Foreign Institutional Investor (QFII) system [3].
证监会：增强多层次市场体系的包容性和覆盖面 夯实市场稳定内在基础，择机推出再融资储架发行制度，稳步扩大高水平制度型对外开放，大力提升投资者权益保护质效
Zheng Quan Shi Bao·2025-10-27 21:46