今日视点：动能积聚 资本市场高质量发展启新程

Group 1 - The core viewpoint of the article emphasizes the importance of building a well-functioning capital market and enhancing its inclusiveness and adaptability to achieve high-quality development [1][2] - Recent policy signals from financial management authorities indicate a clear path for the reform and development of the capital market, aiming for a new stage of higher quality and sustainable growth [1][3] Group 2 - Monetary policy plays a foundational role in supporting the long-term healthy development of the capital market by regulating liquidity and maintaining financial stability [2] - The People's Bank of China has committed to a supportive monetary policy stance, indicating a continuation of moderately loose monetary policies to provide ongoing support for high-quality capital market development [2] Group 3 - Capital market reforms are accelerating, enhancing internal stability through systematic and institutional changes to address structural contradictions and solidify market operations [3] - The China Securities Regulatory Commission plans to enhance the inclusiveness and coverage of the multi-level market system, expand high-level institutional openness, and improve investor rights protection during the 14th Five-Year Plan period [3] Group 4 - Strengthening risk prevention is essential for the long-term stability of the capital market, with a focus on establishing a comprehensive macro-prudential management system to mitigate systemic risks [4] - Future policies will enhance coordination between macro-prudential management and micro-regulatory behaviors to ensure stable market operations amid complex external environments [4] Group 5 - The capital market is supported by strong fundamentals, including macroeconomic resilience and corporate profitability, which are crucial for effective resource allocation [5] - The 14th Five-Year Plan period is expected to provide broader development space and stronger support for the capital market, leveraging China's institutional advantages and large-scale market potential [5]