Core Viewpoint - The article emphasizes the importance of high-quality planning for the "15th Five-Year" capital market, building on the achievements of the "14th Five-Year" period, and outlines specific recommendations for further reforms and improvements in the capital market [1][2][3]. Group 1: Achievements and Developments - During the "14th Five-Year" period, China's capital market has seen significant improvements in both quantity and quality, particularly following 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: Recommendations for the "15th Five-Year" Plan - Suggestions include deepening reforms in areas such as issuance and listing, refinancing, and mergers and acquisitions, while improving policy execution mechanisms to enhance the attractiveness and inclusiveness of the capital market [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 top-tier investment banks and institutions is highlighted, along with promoting the high-quality development of intermediary institutions like accounting and law firms [2]. Group 3: Strategic Focus and Governance - The article stresses the importance of adhering to the principles of comprehensive leadership, prioritizing people, and pursuing high-quality development in the planning and implementation of the "15th Five-Year" capital market strategy [3]. - It encourages listed companies, industry institutions, and intermediaries to focus on their core businesses, enhance their functions, and improve governance to elevate their professional capabilities and market reputation [3].
吴清最新发声
财联社·2025-09-30 10:06