以智库平台支撑资本市场发展

Core Viewpoint - The establishment of the Academic Committee of the China Capital Market Society aims to enhance theoretical research in capital markets, which is essential for understanding and improving the market's structure and investor behavior during a period of significant reform [1][2]. Group 1: Importance of Theoretical Research - Strengthening theoretical research in capital markets is crucial for aligning with the general rules of the market while catering to China's specific conditions, thereby promoting high-quality development and participation in global financial governance [2][3]. - The current phase of capital market reform is complex, necessitating a deeper understanding of market dynamics to avoid superficial solutions and ensure comprehensive reform [2][3]. - New phenomena in capital markets, such as quantitative trading and social media-driven sentiment, require updated theoretical frameworks to effectively manage risks and balance regulation with innovation [2][3]. Group 2: Risk Management and Resource Allocation - Effective capital market service for new productive forces requires research on how funding allocation can be optimized, including the evolution of financing structures and the combination of equity and debt instruments [3][4]. - Systemic risk prevention must be grounded in theoretical frameworks that comprehensively analyze risk transmission through leverage, liquidity, and expectations, facilitating early identification and response [3][4]. Group 3: Strategic Goals and Framework - The China Capital Market Society aims to create a high-end think tank for theoretical research, academic exchange, and decision-making consultation, with a focus on key issues such as inclusivity, pricing efficiency, and legal framework [4][5]. - The society's establishment aligns with the need for a robust theoretical foundation to support the ongoing reforms and enhance the capital market's competitiveness [4][5]. Group 4: Practical Application and Talent Development - There is a need to transition from experience-driven to rule-driven reforms and from reactive regulation to proactive governance, emphasizing the importance of applying theoretical research outcomes [5][6]. - Developing a collaborative research ecosystem that integrates academia, industry, and government is essential for cultivating talent with a deep understanding of China's practices and international perspectives [6][7].