证监会，周末发声！
券商中国·2026-01-11 11:51

Core Viewpoint - The China Securities Regulatory Commission (CSRC) aims to deepen comprehensive reforms in investment and financing, enhancing the inclusiveness and adaptability of the system to promote qualitative and quantitative growth in the capital market [1]. Group 1: Investment and Financing Reforms - The CSRC has introduced a series of reform measures to improve the functions of the capital market, focusing on enhancing the quality of listed companies and protecting the rights of small and medium investors [1][2]. - As of the end of last year, various long-term funds held approximately 23 trillion yuan in A-share market value, a 36% increase from the beginning of the year [2]. - The scale of equity funds grew from 8.4 trillion yuan at the start of last year to about 11 trillion yuan, indicating significant acceleration in development [2]. Group 2: Support for Technology and Innovation - The CSRC is enhancing support for technology innovation enterprises by deepening reforms in the Sci-Tech Innovation Board and the Growth Enterprise Market, and optimizing the private equity and venture capital cycle [3]. - By 2025, the total market value of the electronic industry is expected to exceed that of the banking sector, making it the largest industry in A-shares [2]. Group 3: Enhancing Corporate Value - The CSRC emphasizes the need for listed companies to increase their value creation capabilities, including stricter regulations on information disclosure and enhancing shareholder return awareness [3]. - In 2025, cash dividends from A-share listed companies are projected to reach 2.55 trillion yuan, setting a new historical high [2]. Group 4: Regulatory Effectiveness - The CSRC is committed to improving the effectiveness of regulatory enforcement, focusing on severe penalties for major violations and enhancing investor trust and confidence [4]. - Since the beginning of 2024, the CSRC has investigated 159 cases of financial fraud, with 43 cases involving major shareholders and actual controllers facing serious accountability [2][4].