以“两创板”为抓手持续深化投融资综合改革

Core Viewpoint - The China Securities Regulatory Commission (CSRC) aims to deepen investment and financing reforms through the Sci-Tech Innovation Board and the Growth Enterprise Market, enhancing the capital market's system, products, and services to better support technological innovation and new productivity development [1][2]. Group 1: Capital Market Reforms - The CSRC is focusing on improving the inclusiveness, adaptability, and competitiveness of the capital market to better serve technological innovation and new productivity [1][2]. - The recent implementation of the new "National Nine Articles" has led to positive outcomes in enhancing basic systems, market functions, and the investment value of listed companies, significantly increasing foreign participation in the Chinese capital market [2]. Group 2: Feedback from Foreign Institutions - Participating foreign institutions expressed confidence in the long-term development of the Chinese economy and capital market, suggesting specific measures to enhance the capital market's service to the real economy and improve policy predictability [2]. - Recommendations include enhancing the investment value of listed companies, strengthening investor protection, and improving cross-border investment facilitation [2]. Group 3: Future Directions - The CSRC will implement the directives from the 20th Central Committee and the upcoming National People's Congress, focusing on high-quality development in the capital market over the next five years [2]. - Emphasis will be placed on market-oriented, legal, and international approaches, with a commitment to deepening reforms and promoting a more open capital market [2][3].