A股大消息！证监会刚刚发布

Core Viewpoint - The China Securities Regulatory Commission (CSRC) is focusing on the planning and implementation of the "14th Five-Year Plan" for the capital market, emphasizing the importance of expert opinions and suggestions for the upcoming "15th Five-Year Plan" [2][4]. Group 1: Capital Market Development - The implementation of policies such as the "New National Nine Articles," "Science and Technology Innovation Board Eight Articles," and "Mergers and Acquisitions Six Articles" has led to a noticeable improvement in market fundamentals and increased confidence among market participants [3]. - There is a consensus on the need to enhance the multi-tiered capital market system, deepen institutional reforms, and improve market functions [3]. - The focus is on increasing the quality and investment value of listed companies, fostering long-term capital, and encouraging more medium to long-term funds to enter the market [3]. Group 2: Regulatory and Legal Framework - There is a call for the establishment of comprehensive legal systems in key areas of the capital market, including stocks, bonds, derivatives, and cross-border regulation, along with a robust accountability system to combat financial fraud, market manipulation, and insider trading [3]. - The CSRC aims to steadily expand the high-level institutional opening of the capital market and optimize the Qualified Foreign Institutional Investor (QFII) system to support high-quality foreign enterprises returning to the A-share market [3]. Group 3: Future Planning and Strategy - The "15th Five-Year Plan" period is seen as a critical phase for achieving high-quality development in the capital market, with an emphasis on deepening investment and financing reforms [4]. - The CSRC plans to consolidate the positive momentum of the capital market and enhance its attractiveness and inclusiveness while promoting long-term, value, and rational investment concepts [4]. - Experts and scholars are encouraged to leverage their professional expertise and the platform of the China Capital Market Society to conduct research on significant strategic and foundational issues in the capital market [4].