吴清《人民日报》发表署名文章

Core Viewpoint - The article emphasizes the need to enhance the inclusiveness and adaptability of the capital market system in China, aligning with the strategic goals set by the 20th National Congress of the Communist Party of China [2][3]. Group 1: Importance of Enhancing Capital Market System - The enhancement of the capital market's inclusiveness and adaptability is crucial for better serving the development of new productive forces, promoting innovation, and optimizing resource allocation [4]. - It is essential for ensuring that the benefits of economic development reach the broader population, as the capital market serves as a platform for over 2 billion stock and fund investors to share in the growth of the real economy [4]. - This enhancement is also a necessary requirement for promoting high-quality development of the capital market and building a strong financial nation [5][6]. Group 2: Key Principles for Improvement - The capital market must maintain its political and people-oriented nature, ensuring that it aligns with the needs of the market and protects the rights of investors, especially small and medium-sized investors [8]. - There should be a better coordination between investment and financing, focusing on both quantitative balance and qualitative improvement to facilitate the transformation of household savings into social investments [8]. - Reform and opening-up should be leveraged as key strategies to remove institutional barriers and stimulate market vitality, while ensuring a stable and predictable policy environment [9]. Group 3: Key Tasks and Measures - Actively develop direct financing through equity and bonds, enhancing the service capabilities for real enterprises and supporting the issuance of high-quality companies [11]. - Foster more high-quality listed companies by optimizing their structure and enhancing their investment value, while also encouraging cash dividends and share buybacks [12]. - Create a more attractive environment for long-term investments by establishing mechanisms that encourage long-term capital to enter and remain in the market [12]. - Improve the scientific and effective regulation of the capital market, utilizing modern technologies for risk monitoring and ensuring a fair market order [12]. - Gradually expand the high-level institutional opening of the capital market to enhance its international competitiveness and facilitate efficient capital flow [13].