证监会发声！

Core Viewpoint - The China Securities Regulatory Commission (CSRC) emphasizes the importance of strategic guidance and reform in the capital market, aiming for stability, high-quality development, and effective regulation in line with the central economic work conference directives [2][3]. Group 1: Strategic Planning and Market Stability - The CSRC will actively participate in the formulation of the national "14th Five-Year Plan" and establish a systematic framework for the capital market's development goals and tasks over the next five years [3]. - There will be a focus on cultivating a high-quality group of listed companies, initiating a new round of corporate governance actions, and encouraging quality companies to increase dividend repurchases [2][3]. - The implementation of a long-term assessment mechanism for medium and long-term funds will be promoted, alongside the development of equity public funds and high-quality index investment [2][3]. Group 2: Reform and Development - The CSRC plans to deepen the reform of the ChiNext board and accelerate the implementation of the "1+6" reform measures for the Sci-Tech Innovation Board [3]. - The private equity fund industry will be developed with a focus on high quality, and pilot programs for commercial real estate REITs will be launched [2][3]. - There will be an emphasis on fostering top-tier investment banks and institutions while expanding institutional openness and optimizing the Qualified Foreign Institutional Investor (QFII) system [2][3]. Group 3: Regulatory Enhancement - The CSRC will enhance regulatory enforcement by leveraging technology to combat financial fraud, insider trading, and market manipulation [4]. - New regulations for listed companies will be introduced, and revisions to key laws in the securities sector will be actively supported [4]. - The CSRC will strengthen the supervision of public power in key areas and ensure a balance between strict management and incentives [5].