Core Viewpoint - The article emphasizes the importance of enhancing the inclusiveness and adaptability of the capital market system in China, as outlined in the 20th Central Committee's Fourth Plenary Session, to support high-quality economic development and modernization goals [1][2]. Group 1: Significance of Enhancing Capital Market System - The enhancement of the capital market's inclusiveness and adaptability is crucial for better serving the development of new productive forces, as a vibrant capital market is key to promoting technological and industrial advancements [3]. - It is essential for ensuring that the benefits of development reach the broader population, with the capital market serving as a platform for over 2 billion stock and fund investors to share in economic growth [4]. - This enhancement is a necessary requirement for promoting high-quality development of the capital market and building a strong financial nation, as it will improve market structure and quality, thereby increasing competitiveness and international influence [4]. Group 2: Understanding the Inner Workings and Principles - The capital market's development quality remains a challenge, with issues such as suboptimal company structures and insufficient long-term capital inflow, necessitating a focus on enhancing the system's inclusiveness and adaptability [5]. - Key principles include maintaining political and public focus in capital market work, better coordinating investment and financing, leveraging reform and opening-up, and ensuring market stability [6][7]. Group 3: Key Tasks and Measures for the 15th Five-Year Plan - Actively develop direct financing through equity and bonds, focusing on reforms in the Sci-Tech Innovation Board and the Growth Enterprise Market to enhance service capabilities for real enterprises [9]. - Foster more high-quality listed companies by optimizing their structure and enhancing investment value, while also supporting mergers and acquisitions to promote corporate transformation [9]. - Create a more attractive environment for long-term investments by establishing mechanisms that encourage the inflow and retention of long-term capital [10]. - Improve the scientific and effective regulation of the capital market to adapt to rapid market changes and enhance risk monitoring and response capabilities [11]. - Gradually expand the high-level institutional openness of the capital market to enhance international competitiveness and facilitate efficient capital flow [12].
吴清最新发声!
券商中国·2025-12-04 23:37