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 respond to new challenges in the domestic and international environment [1]. 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 [2]. - It is essential for ensuring that the benefits of development reach the broader population, as the capital market serves as a platform for over 2 billion stock and fund investors to share in the economic growth [3]. - 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: Principles for Enhancing Capital Market System - The work of the capital market must always reflect its political and people-oriented nature, ensuring that it aligns with the needs of the market and protects the rights of investors, especially small and medium-sized ones [5]. - There must be better coordination between investment and financing, focusing on the overall balance and continuous quality improvement to convert household savings into social investments [6]. - Reform and opening up are critical, requiring the removal of institutional barriers to enhance the capital market's inclusiveness and adaptability, while ensuring a stable and predictable policy environment [7]. Group 3: Key Tasks and Measures - Actively develop direct financing through equity and bonds, enhancing the service capabilities for real enterprises and supporting the issuance of quality companies [8]. - Foster more high-quality listed companies by optimizing their structure and enhancing investment value, while encouraging cash dividends and share buybacks [9]. - Create an attractive environment for long-term investments by establishing mechanisms that encourage the participation of long-term capital in the market [10]. - Improve the scientific and effective regulation of the capital market to adapt to rapid market changes and enhance risk prevention capabilities [11]. - Gradually expand the high-level institutional openness of the capital market to enhance its international competitiveness and facilitate efficient capital flow [12].
A股大消息!吴清最新发声,信息量大
中国基金报·2025-12-04 23:28