Venture(US:VEMLY) Xin Hua Wang·2026-01-30 13:29Core Viewpoint - The Chairman of the China Securities Regulatory Commission (CSRC), Wu Qing, emphasized the importance of risk prevention, strong regulation, and promoting high-quality development in the capital market, aiming to consolidate the positive momentum of stability and growth [1][4]. Group 1: Capital Market Reforms - The CSRC plans to deepen comprehensive reforms in capital market investment and financing, enhance the adaptability and inclusiveness of the regulatory system, and expedite the reform of the ChiNext board [1][4]. - There will be a focus on improving the convenience, flexibility, and attractiveness of the refinancing system [1][4]. Group 2: Multi-layered Market Development - Wu Qing highlighted the need to promote the integrated high-quality development of the Beijing Stock Exchange and the New Third Board, enhancing the coverage and influence of multi-layered markets [4]. - The initiatives aim to effectively support the construction of a modern industrial system and the development of new productive forces, aligning with the goals of the 14th Five-Year Plan and the construction of a financial power [4]. Group 3: Strategic Alignment - The CSRC will thoroughly understand and implement the important directives from the 20th National Congress, focusing on significant issues related to the reform, development, and stability of the capital market during the 14th Five-Year Plan period [4]. - There is an emphasis on unifying strategic needs with practical possibilities, as well as aligning market demands with regulatory objectives to ensure high-quality implementation of the capital market's 14th Five-Year Plan [4].