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吴清最新发声
第一财经·2025-09-30 11:35

Core Viewpoint - The article discusses the planning and reform strategies for China's capital market during the "15th Five-Year Plan" period, emphasizing the need for high-quality development and comprehensive reforms in various sectors of the capital market [1][3]. Group 1: Capital Market Achievements and Reforms - During the "14th Five-Year Plan" period, China's capital market experienced 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 meeting highlighted the need for further reforms in areas such as issuance and listing, refinancing, and mergers and acquisitions, aiming to enhance the attractiveness and inclusiveness of the capital market [2]. Group 2: Recommendations for Future Development - Participants suggested increasing support for listed companies to improve their performance and encourage higher dividend payouts and share buybacks [2]. - There is a call to enhance the role of institutional investors in corporate governance to improve the quality and investment value of listed companies [2]. - The need to develop high-quality securities and fund companies, as well as to improve the capabilities of intermediary institutions like accounting and law firms, was emphasized [2]. Group 3: Strategic Focus and Governance - The article stresses the importance of adhering to the principles of comprehensive leadership, prioritizing people, and promoting high-quality development in the capital market [3]. - It encourages listed companies and industry institutions to focus on their core businesses, enhance their functions, and improve governance to elevate their professional capabilities and market reputation [3].