吴清最新发声
清华金融评论·2025-12-05 01:03

Core Viewpoint - The article emphasizes the importance of enhancing the inclusiveness and adaptability of China's capital market system as a strategic deployment by the central government to achieve high-quality development and modernization goals [4][5]. 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 [6]. - 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 economic growth [7]. - 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 the capital market's core competitiveness and international influence [8]. Group 2: Understanding the Content and Principles - The capital market's long-term positive trends and strong foundations must be recognized, while also addressing existing quality issues, such as the need for better optimization of listed company structures and increased participation of long-term funds [9]. - The approach should focus on supporting technological innovation, meeting diverse investor needs, and enhancing regulatory efficiency to ensure a stable and healthy capital market [9][10]. Group 3: Key Tasks and Measures - Actively develop direct financing methods such as equity and bonds, with a focus on supporting high-quality enterprises and enhancing the service capabilities of the capital market [13]. - Foster more high-quality listed companies by optimizing their structures and encouraging cash dividends and buybacks to enhance investor returns [14]. - Create an attractive environment for long-term investments by improving conditions for various types of long-term capital and promoting public fund reforms [15]. - Enhance the scientific and effective regulation of the capital market to adapt to rapid financial innovations and ensure market stability [15]. - Gradually expand the capital market's openness to improve international competitiveness and facilitate efficient capital flow [16].