资本市场“十五五”改革前瞻：精耕细作提升制度包容性、适应性

Group 1 - The core viewpoint of the article emphasizes the upcoming "15th Five-Year Plan" as a critical period for China's capital market, focusing on enhancing the inclusiveness and adaptability of market systems [2][6] - The "14th Five-Year Plan" has laid a solid foundation for the capital market, with significant reforms enhancing the market's ability to support technological innovation and economic growth [3][5] - The article highlights the importance of a multi-layered capital market system to meet diverse financing needs and improve investor returns, which is essential for fostering new productive forces [9] Group 2 - The upcoming reforms will focus on increasing the efficiency of resource allocation, supporting new productive forces, and promoting high-quality development of the capital market [2][8] - Key reforms will include encouraging technology-driven companies to access equity financing and increasing the issuance of corporate bonds to enhance direct financing channels [7][8] - The article discusses the need for a more adaptable regulatory framework to support the evolving landscape of the capital market, ensuring it serves as an incubator for new productive forces and a catalyst for economic transformation [8][9]