吴清，最新发声

Core Viewpoint - The China Securities Regulatory Commission (CSRC) is focusing on a comprehensive five-year plan for the capital market, emphasizing governance, long-term funding, and regulatory reforms to enhance market stability and investor confidence [1]. Group 1: Key Points from the Meeting - A new round of corporate governance initiatives will be launched to encourage quality companies to increase dividend payouts and share buybacks [1]. - The implementation of a long-term assessment mechanism for medium and long-term funds will be promoted, with a strong push for the development of equity public funds [1]. - Measures for counter-cyclical and cross-cyclical adjustments will be strengthened to establish a long-term market stabilization mechanism [1]. - The responsibility for reputation management will be reinforced for industry institutions and listed companies, with an emphasis on effective communication regarding the stock market narrative [1]. - The reform of the ChiNext board will be initiated, and the "1+6" reform measures for the Sci-Tech Innovation Board will be expedited [1]. - The pilot program for commercial real estate REITs will be launched promptly, along with research on new key futures products [1]. - A focus on supporting high-quality entities while limiting underperformers will be maintained to accelerate the development of top-tier investment banks and institutions [1]. - Institutional openness will be gradually expanded, optimizing the qualified foreign institutional investor system and improving the quality and efficiency of overseas listing filings [1]. - Technological empowerment in regulation will be enhanced, with strict actions against financial fraud, insider trading, market manipulation, and misappropriation of private equity fund assets [1]. - New regulations for listed companies will be promoted, alongside active cooperation in revising laws and regulations in key areas such as securities companies and investment funds [1].