吴清：持续深化资本市场投融资综合改革

Core Viewpoint - The establishment of the Academic Committee by the China Capital Market Society aims to enhance theoretical research and serve as a think tank for the capital market, focusing on key issues such as inclusivity, pricing efficiency, financial technology, and legal construction [1][2]. Group 1 - The Academic Committee's formation is a significant step for improving the theoretical framework and methodology in China's capital market [1]. - The "14th Five-Year" period has seen a stable and healthy development of the capital market, which is expected to continue into the "15th Five-Year" period, marking a critical phase for enhancing quality and functionality [2]. - Experts suggested increasing the inclusivity and adaptability of issuance and listing systems to attract high-quality enterprises from new productive sectors [2]. Group 2 - There is a call to expand the supply of patient capital, long-term capital, and strategic capital to support market growth [2]. - The meeting emphasized the need to keep the mergers and acquisitions market active while enforcing regular delisting practices [2]. - The application of artificial intelligence in capital market governance and regulation should be improved, alongside stricter measures against financial fraud and enhanced investor protection and education [2]. Group 3 - The China Securities Regulatory Commission (CSRC) will implement the "15th Five-Year" planning while focusing on risk prevention, strong regulation, and promoting high-quality development [2]. - The CSRC aims to deepen comprehensive reforms in capital market investment and financing, steadily expand high-level institutional openness, and enhance the market's attractiveness and inclusivity [2].