Group 1 - The core viewpoint emphasizes the need to enhance the functions of the capital market through reforms in multiple layers, improving the dynamic balance of investment and financing, and establishing mechanisms for coordinated development of primary and secondary markets [1][3] - The "15th Five-Year Plan" suggests higher requirements for the capital market's functions, focusing on resource allocation to support advanced manufacturing and green low-carbon industries, as well as strategic emerging industries [1][2] - There is a call for optimizing mechanisms for technology-related market segments, utilizing various financial tools to provide comprehensive support for technology enterprises from research and development to scaling [2][3] Group 2 - Key areas for enhancing capital market functions include deepening reforms in multi-layered capital market segments, improving the identification and pricing systems for technology innovation enterprises, and enhancing the capabilities of the Beijing Stock Exchange to serve innovative SMEs [3][4] - The importance of developing long-term funds and patient capital is highlighted, with a focus on removing barriers for social security, insurance, and other long-term funds to enter the market [4] - The need for a first-class investment banking and investment institution environment is emphasized, advocating for regulatory flexibility for quality institutions and promoting the development of small and foreign brokerages [4]
中证金融研究院院长毛寒松：提升资本市场功能 加快完善投融资动态平衡
Xin Lang Cai Jing·2026-01-11 07:55