建言资本市场发展，黄奇帆、高培勇、吴晓求、丁志杰最新发声！

Group 1: Core Views - The forum highlighted the need for a multi-channel approach to increase direct financing, emphasizing the development of both the stock market and equity investment funds [2][4]. - Huang Qifan proposed the establishment of an equity guidance fund involving banks, social security, insurance, and foreign exchange funds, which could potentially create a scale of 40 to 50 trillion yuan for equity investment [5]. - Gao Peiyong stressed that improving expectation management mechanisms will be crucial for enhancing the governance system of the capital market [6][9]. Group 2: Key Discussions - Huang Qifan indicated that if 3% of the capital from banks were allocated to equity investments, it could yield approximately 1 trillion yuan for equity investment funds [4]. - He also noted that if 30% of social security funds were used for equity investments, it could generate around 2 trillion yuan, while insurance funds could contribute an estimated 3 to 4 trillion yuan [5]. - Gao Peiyong outlined a framework for expectation management, which includes integrating expectation factors into macroeconomic analysis, guiding expectations in policy goals, and reform actions in macroeconomic regulation [9][10]. Group 3: Future Directions - Wu Xiaoqiu emphasized the need for reforms in the asset, investment, and institutional aspects of the capital market to meet diverse financing needs and enhance wealth management for residents [11][12]. - He highlighted the importance of adjusting the structure of listed companies to prioritize high-tech and innovative firms, as the capital market fundamentally relies on the performance of these companies [14]. - Ding Zhijie pointed out that optimizing the financial structure and increasing direct financing is essential, suggesting that long-term capital currently trapped in the banking system should be redirected to the capital market [15][18].