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吴清明确任务清单,六方面提高资本市场制度包容性、适应性
证券时报·2025-10-31 05:15

Core Viewpoint - The article emphasizes the importance of enhancing the inclusiveness and adaptability of the capital market during the "15th Five-Year Plan" period, outlining key tasks to achieve this goal [1][5]. Group 1: Key Tasks - Actively develop direct financing through equity and bonds, focusing on reforms in the Sci-Tech Innovation Board and the Growth Enterprise Market to support quality enterprises in issuing and listing [2][11]. - Foster more high-quality listed companies by deepening mergers and acquisitions market reforms and enhancing the flexibility of refinancing mechanisms [2][11]. - Create a more attractive environment for long-term investments by establishing mechanisms for long-term capital assessment and promoting the development of public funds and private equity [3][12]. - Improve the scientific and effective regulation of the capital market, enhancing monitoring and risk response mechanisms to ensure market stability [3][12]. - Gradually expand the high-level institutional opening of the capital market, facilitating the participation of foreign investors and improving the convenience of foreign investment [3][13]. - Build a standardized, inclusive, and vibrant capital market ecosystem, strengthening legal frameworks and investor protection mechanisms [3][13]. Group 2: Market Conditions - The capital market has a solid foundation for stable and healthy operation, supported by the resilience and potential of the economy [4][5]. - The overall trend of the capital market remains positive, with expectations for investor cash dividends reaching 2.4 trillion yuan in 2024, reflecting the public's growing interest in wealth management through the capital market [5][6]. Group 3: Reform and Development - Continuous improvement of the capital market's inclusiveness and adaptability is essential for better serving the new productive forces and ensuring that development benefits the broader population [5][9]. - The need for a balanced approach to investment and financing, emphasizing the importance of market stability and effective government intervention [9][10].