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][4]. Group 1: Key Tasks for Capital Market Development - 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][7]. - Foster more high-quality listed companies by deepening mergers and acquisitions market reforms and enhancing the flexibility of refinancing mechanisms [2][7]. - 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 index investments [2][8]. - Improve the scientific and effective regulation of the capital market, enhancing monitoring and risk response mechanisms to ensure market stability [2][8]. - Gradually expand the high-level institutional opening of the capital market, facilitating the use of both domestic and international markets and resources [3][9]. - Build a standardized, inclusive, and vibrant capital market ecosystem, strengthening legal frameworks and investor protection mechanisms [3][9]. Group 2: Market Conditions and Future Outlook - The capital market has a solid foundation for stable and healthy operation, with over 200 million stock investors and 700 million fund investors, indicating a strong public interest in capital market participation [4][5]. - The implementation of new policies has led to a positive trend in the capital market, with expectations for investor cash dividends reaching 2.4 trillion yuan in 2024 [4][5]. - The article highlights the need for ongoing reforms to address quality issues in capital market development, focusing on improving the coordination between investment and financing [5][6].
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
券商中国·2025-10-31 06:44