吴清最新发声

Core Viewpoint - The China Securities Regulatory Commission (CSRC) is focusing on high-quality planning for the "14th Five-Year" capital market strategy, emphasizing the need for comprehensive reforms and improvements in the capital market to enhance its attractiveness and inclusivity [1][2]. Group 1: Achievements and Reforms - During the "14th Five-Year" period, China's capital market has seen significant growth in both quantity and quality, particularly after the implementation of the new "National Nine Articles" and the "1+N" policy framework [2]. - The foundational systems and regulatory logic of the capital market have been comprehensively restructured, leading to a more complete multi-level market system and enhanced market resilience [2]. Group 2: Suggestions for the "15th Five-Year" Plan - Participants suggested further deepening reforms in areas such as issuance and listing, refinancing, and mergers and acquisitions, while improving policy execution mechanisms to enhance the capital market's appeal [2]. - There is a call for greater support for listed companies to improve their quality and investment value, including encouraging higher dividend payouts and share buybacks [2]. - The need to support high-quality securities and fund companies in building first-class investment banks and institutions was emphasized, alongside promoting the high-quality development of intermediary institutions like accounting and law firms [2]. Group 3: Strategic Emphasis - The CSRC Chairman, Wu Qing, highlighted the importance of adhering to the principles of comprehensive leadership, prioritizing people, and promoting high-quality development in the upcoming capital market planning [3]. - The focus will be on deepening comprehensive reforms in financing and investment, particularly through the Sci-Tech Innovation Board and the Growth Enterprise Market [3]. - The expectation is for listed companies and industry institutions to enhance their professional capabilities and market reputation while fostering a culture that respects and rewards investors [3].