Group 1 - The core viewpoint of the article emphasizes the Chinese Securities Regulatory Commission's (CSRC) strategic plan for 2026, focusing on risk prevention, enhanced regulation, and promoting high-quality development in the capital market [1][2] - In 2025, the capital market demonstrated resilience and improved quality, with a total fundraising of 1.26 trillion yuan from IPOs and refinancing, and bond issuance reaching 16.3 trillion yuan [1] - The CSRC aims to establish a comprehensive market monitoring and early warning system to support counter-cyclical adjustments, ensuring market stability and health [2] Group 2 - The reform initiatives include enhancing the convenience and flexibility of refinancing, deepening the reform of the Growth Enterprise Market, and expanding channels for long-term funding [2] - The regulatory framework will focus on strengthening the constraints on controlling shareholders and actual controllers, improving systems for dividends, buybacks, and employee stock ownership [2] - Continuous reforms are necessary to enhance market resilience and vitality, ultimately serving the real economy and promoting technological innovation [3]
稳字当头 资本市场改革帷幕新启
Xin Lang Cai Jing·2026-01-18 18:28