中国证监会主席吴清：加快打造一流投资银行和投资机构

Core Viewpoint - The Chinese securities industry is undergoing significant transformation, focusing on high-quality development and actively integrating into national strategies for economic and financial modernization [1][2]. Group 1: Industry Development and Trends - During the 14th Five-Year Plan, the securities industry has shown steady growth in scale and strength, improved service quality, and enhanced risk management capabilities [2]. - The current proportion of stocks and funds in Chinese residents' assets is approximately 15%, similar to the level in the U.S. 30 years ago, indicating substantial potential for asset management and wealth management services [3]. - The 15th Five-Year Plan is seen as a critical period for advancing China's modernization and building a strong financial sector, with strategic deployments aimed at enhancing the capital market's inclusiveness and adaptability [2][3]. Group 2: Mission and Responsibilities - The securities industry is expected to strengthen its role in serving the real economy, optimizing asset allocation for residents, and contributing to the construction of a financial power [2][3]. - There is a call for the industry to focus on high-quality development rather than mere scale expansion, emphasizing the importance of serving the real economy and new productive forces [4][5]. Group 3: Regulatory and Structural Changes - The China Securities Regulatory Commission (CSRC) plans to implement differentiated regulation, supporting high-quality institutions while tightening oversight on underperforming ones [6][7]. - The industry is encouraged to enhance compliance management and risk prevention, focusing on governance effectiveness and protecting the rights of small investors [7]. Group 4: Cultural and Operational Enhancements - There is a strong emphasis on cultivating a financial culture that aligns with China's characteristics, promoting long-termism and integrating cultural development into corporate strategies [7]. - The industry is urged to improve its service capabilities, particularly in wealth management and investor relations, to better meet diverse investment needs [5][6].