Group 1 - The core viewpoint emphasizes the indispensable role of multi-level capital markets in promoting technological innovation and nurturing new productive forces, as articulated by the Chairman of the China Securities Regulatory Commission (CSRC), Wu Qing, at the 2025 Financial Street Forum [1][2] - The establishment of a multi-level capital market system in China includes various platforms such as the Main Board, Sci-Tech Innovation Board, Growth Enterprise Market, Beijing Stock Exchange, and the New Third Board, which are designed to support innovation [2] - The CSRC aims to reform both ends of investment and financing to accelerate resource allocation towards innovation, enhancing the inclusivity and adaptability of capital markets to meet the diverse financial needs of technology enterprises [2][3] Group 2 - Continuous reform is necessary to find the optimal alignment between regulatory bodies, market operations, and technological innovation, which will enhance the attractiveness and competitiveness of capital markets [3] - The introduction of new investor protection regulations aims to systematically improve the investor protection mechanism, thereby enhancing the inherent stability of the capital market and allowing investors to share in the high-quality development of listed companies [2]
以投融资综合改革为牵引 增强资本市场吸引力
Zheng Quan Shi Bao·2025-10-27 22:48