上海证券交易所：锚定“十五五”新征程 以改革创新之笔绘就资本市场高质量发展新图景

Core Viewpoint - The Shanghai Stock Exchange (SSE) is set to play a crucial role in the "15th Five-Year Plan" period, focusing on high-quality development and serving the modernization of socialism in China [1] Group 1: Market Stability and Quality Development - The SSE aims to enhance the intrinsic stability of the market by prioritizing market stability and establishing long-term mechanisms for stability [2] - There is a focus on cultivating high-quality listed companies and promoting actions that enhance returns, such as dividends and buybacks, to increase investment value [2] - The SSE will strengthen risk monitoring and management to ensure a robust market environment [2] Group 2: Capital Market as a Support for Economic Transformation - The SSE plans to serve as a hub for new productive forces by implementing reforms, particularly through the Sci-Tech Innovation Board [2] - The SSE will promote policies that support strategic emerging industries, including advanced manufacturing and cutting-edge technologies [2] - A multi-layered product matrix and service system will be developed to support the transformation and upgrading of the real economy [2] Group 3: Regulatory Framework and Investor Protection - The SSE will adopt a "zero tolerance" approach to combat fraudulent activities and ensure strict entry standards for listings [3] - There will be an emphasis on enhancing regulatory capabilities through technology to improve investor protection and regulatory effectiveness [3] Group 4: Market Ecology and Internationalization - The SSE aims to create a new landscape for index-based investment, promoting rational, value, and long-term investment strategies to attract more long-term capital [3] - The SSE will expand institutional openness and cross-border investment channels, enhancing its global competitiveness and attractiveness [3] Group 5: Leadership and Governance - The SSE will strengthen the leadership of the Party in its operations, ensuring political integrity and accountability within the organization [3] - Continuous efforts will be made to enhance party discipline and governance, fostering a capable workforce [3] Group 6: Vision for High-Quality Development - The SSE is committed to integrating capital vitality with innovation, aligning market functions with national development goals, and accurately meeting the needs of the real economy [3]