含“科”量、“朋友圈”越来越大、“长牙带刺” ……吴清在国新办发布会上还谈了啥

Core Viewpoint - The past five years have been unusual for the capital market, with a focus on risk prevention, strong regulation, and promoting high-quality development, leading to a stable and healthy market environment [2]. Group 1: Achievements in Financial Development - The regulatory framework has been significantly improved, with the implementation of the new Securities Law and over 60 supporting rules introduced, establishing a solid foundation for stable market development [4]. - The multi-tiered equity market has been developed, with the A-share market's total market value surpassing 100 trillion yuan for the first time, and a variety of innovative financial products being introduced [4]. - Direct financing has increased, with total financing through stock and bond markets reaching 57.5 trillion yuan, and the proportion of direct financing rising to 31.6% [5]. Group 2: Market Stability Mechanisms - A collaborative mechanism for market stability has been gradually improved, enhancing the resilience and risk resistance of the A-share market, with the annualized volatility of the Shanghai Composite Index decreasing by 2.8 percentage points [6]. - A fair and just market environment has been established, with a significant increase in administrative penalties for financial misconduct, reflecting a stronger enforcement and improved market transparency [6]. Group 3: Capital Market Reform and Opening Up - Major breakthroughs in investment-side reforms have been achieved, with a focus on investor interests and the introduction of measures to facilitate long-term capital inflow, resulting in a 32% increase in the market value held by various long-term funds [8]. - Continuous deepening of financing-side reforms has been observed, with the stock issuance registration system fully implemented and various measures introduced to support new production capacity [8]. - The high-level institutional opening of the capital market has been steadily expanded, with the cancellation of foreign ownership limits and the establishment of a more comprehensive overseas listing filing system [9]. Group 4: Regulatory Enhancements - The regulatory framework has been strengthened to maintain market stability, with a focus on early warning systems and cross-market risk prevention [11]. - Significant efforts have been made to reduce risks in key areas, with the bond default rate maintained at around 1% and the closure of numerous fraudulent financial institutions [12]. - The effectiveness and deterrence of regulatory enforcement have been greatly enhanced, with a comprehensive system established to combat financial fraud and protect investor rights [13][14].