Core Viewpoint - The China Securities Regulatory Commission (CSRC) emphasizes enhancing market stability and promoting high-quality listed companies through governance actions and increased shareholder returns [1] Group 1: Market Stability and Governance - The CSRC aims to strengthen the internal stability of the market by fostering a group of high-quality listed companies [1] - A new round of corporate governance initiatives will be launched to guide quality companies in increasing dividend payouts and share buybacks [1] - The implementation of a long-term assessment mechanism for medium and long-term funds is prioritized to support the development of equity public funds [1] Group 2: Risk Monitoring and Policy Guidance - The CSRC will enhance cross-market, cross-industry, and cross-border risk monitoring and control [1] - There is a focus on strengthening counter-cyclical and cross-cyclical adjustments to establish a long-term market stabilization mechanism [1] - The importance of policy interpretation and expectation guidance is highlighted, with a commitment to respond promptly to market concerns and reinforce the reputation management responsibilities of industry institutions and listed companies [1]

全面推动落实中长期资金长周期考核机制，大力发展权益类公募基金，推动指数化投资高质量发展。 据证监会，近日，中国证监会党委书记、主席吴清主持召开党委（扩大）会议，传达学习中央经济工作 会议精神，结合全国金融系统工作会议要求，研究部署证监会系统贯彻落实举措。 会议强调，这次中央经济工作会议对资本市场工作作出重要部署，充分体现了党中央对资本市场的高度 重视和殷切期望。证监会系统要深入学习贯彻习近平总书记重要讲话精神，认真落实中央经济工作会议 部署，按照全国金融系统工作会议安排，坚持稳中求进、提质增效，紧扣防风险、强监管、促高质量发 展主线，持续深化资本市场投融资综合改革，更好助力稳就业、稳企业、稳市场、稳预期，为经济高质 量发展和"十五五"良好开局积极贡献力量。 一是坚持战略引领，认真做好"十五五"规划编制和实施。积极配合编制国家"十五五"规划纲要，科学制 定资本市场"十五五"规划体系，系统谋划未来五年资本市场发展主要目标、任务和重要举措，以钉钉子 精神抓好落实。 二是坚持固本强基，持续增强市场内在稳定性。积极培育高质量上市公司群体，开展新一轮公司治理专 项行动，引导优质公司持续加大分红回购力度。全面推动落实中长期 ...

Group 1 - The meeting emphasized the need to enhance market stability and foster a high-quality group of listed companies [1] - A new round of corporate governance initiatives will be launched to encourage quality companies to increase dividend repurchases [1] - The implementation of a long-term assessment mechanism for medium and long-term funds will be promoted, alongside the development of equity public funds and high-quality index investment [1] Group 2 - There will be a focus on strengthening cross-market, cross-industry, and cross-border risk monitoring and control [1] - The meeting highlighted the importance of counter-cyclical and cross-cyclical adjustments to establish a long-term market stabilization mechanism [1] - Policy interpretation and expectation guidance will be reinforced to address market concerns, while enhancing the reputation management responsibilities of industry institutions and listed companies [1]

Core Viewpoint - The meeting led by the Chairman of the China Securities Regulatory Commission (CSRC) emphasizes the importance of enhancing the intrinsic stability of the market and fostering a high-quality group of listed companies [1] Group 1: Market Stability and Company Governance - The CSRC will conduct a new round of special actions on corporate governance to guide quality companies in increasing dividend payouts and share buybacks [1] - There is a focus on implementing a long-term assessment mechanism for medium and long-term funds, promoting the development of equity public funds, and advancing high-quality index investment [1] Group 2: Risk Monitoring and Market Mechanisms - The meeting highlights the need for enhanced cross-market, cross-industry, and cross-border risk monitoring and control, as well as strengthening counter-cyclical and cross-cyclical adjustments [1] - A long-term stabilization mechanism for the market will be established, with an emphasis on policy interpretation and expectation guidance [1] Group 3: Reputation Management and Market Communication - The CSRC aims to ensure that industry institutions and listed companies take responsibility for reputation management and effectively communicate the narrative of the stock market [1]

Core Viewpoint - The article emphasizes the need to enhance the inclusiveness and adaptability of China's capital market system, aiming for high-quality development through comprehensive reforms and alignment with national economic strategies [1] Group 1: Key Tasks for Capital Market Reform - Actively develop direct financing through equity and bonds, focusing on reforms in the Sci-Tech Innovation Board and Growth Enterprise Market to better serve real enterprises throughout their lifecycle [1] - Promote the cultivation of more high-quality listed companies by optimizing their structure and enhancing investment value, while supporting mergers and acquisitions and improving the refinancing mechanism [2] - Create a more attractive environment for long-term investments by establishing mechanisms that encourage the inflow and retention of long-term capital [2] Group 2: Regulatory Enhancements - Improve the scientific and effective nature of capital market regulation by building a comprehensive regulatory system that adapts to rapid market changes and financial innovations [3] - Expand the high-level institutional openness of the capital market, promoting coordinated development between onshore and offshore markets to enhance international competitiveness [3] Group 3: Market Ecosystem Development - Foster a standardized, inclusive, and vibrant capital market ecosystem by strengthening legal frameworks and investor protection mechanisms, while promoting rational and long-term investment practices [4] - Enhance the construction of high-end think tanks and talent teams to address strategic and foundational issues in the capital market [4]