吴清主席在十四届全国人大三次会议经济主题记者会上答记者问

Core Viewpoint - The Chinese government is committed to promoting the healthy development of the capital market through a series of regulatory reforms and policies aimed at enhancing investor protection, stabilizing market confidence, and supporting technological innovation [3][4][5][8]. Regulatory Reforms and Investor Protection - The China Securities Regulatory Commission (CSRC) has implemented over 50 regulatory measures following the release of the new "National Nine Articles," focusing on enhancing the regulatory framework across all aspects of the capital market [3][4]. - In 2024, the CSRC handled 739 cases of various violations, with penalties exceeding 15.3 billion yuan, which is more than double the previous year [4]. - The CSRC has intensified efforts to protect small and medium investors, with significant progress in legal actions against financial fraud and violations [4][5]. Market Stabilization and Confidence Building - The CSRC has introduced a series of measures to stabilize the market, including optimizing information disclosure mechanisms and cracking down on illegal stock sales [5]. - The total market capitalization held by public funds increased from 5.1 trillion yuan at the beginning of 2024 to 6 trillion yuan, marking a 17.4% increase [5]. - The introduction of monetary policy tools to support the capital market has improved investor sentiment and market confidence [5][8]. Support for Technological Innovation - The CSRC has launched several initiatives to support technological innovation, including the "Sixteen Articles on Technology" and measures to enhance the investment value of listed companies [7][10]. - In 2024, the total dividends distributed by listed companies reached a record high of 2.4 trillion yuan, with over 300 companies distributing dividends before the Spring Festival [7]. - The proportion of high-tech companies among new listings on the Sci-Tech Innovation Board and other platforms has exceeded 90%, indicating a strong focus on supporting innovative enterprises [10][11]. Long-term Capital Inflow and Development - The CSRC has implemented policies to encourage long-term capital inflow into the market, with over 2.9 trillion yuan net purchases by insurance funds and various pension funds since September 2023 [15][16]. - The number of equity funds registered has significantly increased, with 459 new equity funds registered since September 2023, accounting for 70% of all registered funds during that period [16]. - The market value of long-term funds held in A-shares grew from 14.6 trillion yuan to 17.8 trillion yuan, reflecting a 22% increase [17].