甄美薇称，港府施政报告针对资本市场改革着墨不少，包括主动提出与港交所、香港证监会推动完善主 板上市机制；审视第二及双重上市具体要求，以作优化及配合时局发展；另外，同股不同权已推出一段 时间，有些人以为会一成不变，但她认为，仍有空间继续推动，包括检视市值是否有优化空间、目前的 创新产业规定是否有放宽空间。资本市场已变成新经济公司很强大的融资平台，但当局亦想吸引一系列 不同公司来港上市。 智通财经APP获悉，香港财库局常任秘书长(财经事务)甄美薇10月6日在立法会会议上表示，今年前9个 月港股日均成交同比升1.26倍，前9个月已有约69只新股上市。当局会继续与港交所一起推动更多海外 发行人来港上市，包括东盟、中东国家，亦会继续推动内地公司回流香港上市。她强调，在简化及宽松 要求时，亦必须确保制度稳健及具质素，有具体方案会再咨询业界。 对于公众持股量的问题，香港财库局局长许正宇表示，目前上市公司公众持股量要求至少25%，资本市 场核心功能是价格发现，有需要维持一定深度及阔度的公众持有量。目前超大型公司来港上市，视乎招 股量及过往审批做法，已可取得豁免，虽然并无明文规定要有多大市值水平，但市场清楚有关做法。 ...

Group 1 - Israel and Hamas representatives will hold talks in Egypt on October 6, focusing on a ceasefire plan proposed by President Trump [2] - The discussions will address the conditions for personnel exchange and aim to end nearly two years of conflict in Gaza [2] - A U.S. official confirmed that Middle East envoy Greenblatt and Jared Kushner will join the talks [2] Group 2 - Ukrainian President Zelensky signed new sanctions against Russia, targeting Russian entrepreneurs, the military-industrial sector, and the oil industry [4] - Russia's presidential aide emphasized the need to accelerate naval power development to counter strategic provocations from Western countries [4] Group 3 - The probability of the Federal Reserve cutting interest rates by 25 basis points in October is 96.2%, while the chance of maintaining rates is only 3.8% [6] - In December, the probability of maintaining rates is 0.4%, with a cumulative 25 basis points cut at 13.3% and a cumulative 50 basis points cut at 86.3% [6] Group 4 - In September, A-share market transaction volume reached approximately 53.2 trillion yuan, setting a new monthly record [9] - The A-share market saw significant index performance, with the ChiNext Index rising by 12.04% and the STAR 50 Index increasing by 11.48% [8] - Daily transaction volume has exceeded 2 trillion yuan for 35 consecutive trading days since August 13 [10] Group 5 - Hong Kong stocks had a strong start in the fourth quarter, with the Hang Seng Index rising 1.61% to a near four-year high [12] - The global liquidity preference has shifted towards easing due to the Fed's rate cut cycle, attracting international capital to undervalued Hong Kong stocks [13] - The A-share market showed strong performance before the National Day holiday, indicating a change in market sentiment and capital structure [14] Group 6 - Analysts expect a positive outlook for the A-share market post-holiday, driven by policy expectations and a favorable liquidity environment [15] - The upcoming important meetings, such as the 20th Central Committee's Fourth Plenary Session, are anticipated to influence market policies positively [15] - Historical trends suggest that the market typically experiences increased trading volume and heightened risk appetite after the National Day holiday [15]

Group 1: Israel-Hamas Talks - The Israeli and Hamas delegations will hold talks in Egypt on October 6, focusing on a ceasefire plan proposed by President Trump [1] - The discussions will address the conditions for personnel exchanges and the details of the ceasefire [1] - The U.S. officials, including Middle East envoy Greenblatt and Jared Kushner, will participate in the talks [1] Group 2: Ukraine-Russia Sanctions - Ukrainian President Zelensky signed multiple new sanctions against Russia, targeting Russian entrepreneurs, military industry, and the oil sector [2] - Russia's maritime commission chairman emphasized the need to strengthen naval forces to deter strategic provocations from Western countries [2] Group 3: U.S. Federal Reserve Rate Decisions - The probability of a 25 basis point rate cut by the Federal Reserve in October is 96.2%, while the chance of maintaining the current rate is only 3.8% [3] - For December, the probability of maintaining the rate is 0.4%, with a cumulative 25 basis point cut at 13.3% and a cumulative 50 basis point cut at 86.3% [3] Group 4: A-Share Market Performance - In September, the A-share market saw significant index increases, with the ChiNext Index rising by 12.04% and the STAR 50 Index by 11.48% [4] - The total trading volume in September reached approximately 53.2 trillion yuan, setting a new monthly record [4] - Daily trading volume has exceeded 2 trillion yuan for 35 consecutive trading days since August 13 [4] Group 5: Hong Kong Stock Market Outlook - The Hong Kong stock market had a strong start in Q4, with the Hang Seng Index rising by 1.61% on October 2, reaching a nearly four-year high [5] - The strong performance is attributed to global liquidity preferences shifting towards a more accommodative stance due to the Fed's rate cut cycle [6] Group 6: Investor Sentiment and Market Trends - Unlike previous years, the last trading day before the National Day holiday saw collective index increases and active trading, indicating a shift in investor sentiment [7] - Increased financing balances and active financing funds suggest a strong willingness for new capital to enter the market [7] - The financial sector, particularly securities firms, is expected to perform well, supported by recent central bank policies [7] Group 7: Post-Holiday Market Expectations - The market is expected to trend upwards post-holiday due to several factors, including upcoming important political meetings and a favorable liquidity environment [8] - Historical trends indicate that trading volume and risk appetite typically increase after the National Day holiday [8]

今日关注 10月起，一批新的法律法规和制度将开始施行，其中，新修订的反不正当竞争法将规制"全网最低价"等 网络不正当竞争行为，铁路、民航10月1日起全面使用电子发票，永久基本农田保护红线管理办法明确 禁止擅自调整保护红线，互联网平台企业将首次正式报送平台内经营者和从业人员的身份信息、收入信 息。 宏观经济 1、国家统计局公布，9月中国制造业PMI为49.8%，环比上升0.4个百分点；非制造业PMI为50.0%，下降 0.3个百分点；综合PMI产出指数为50.6%，上升0.1个百分点，我国经济总体产出扩张略有加快。 2、消费领域迎来利好政策。财政部、商务部宣布，开展消费新业态新模式新场景试点和国际化消费环 境建设。中央财政将对试点城市给予资金补助，政策实施期均为两年。 3、近日，国家发展改革委已会同财政部，向地方下达了今年第四批690亿元超长期特别国债支持消费品 以旧换新资金，至此，全年3000亿元中央资金已全部下达。 4、国务院办公厅发布《关于在政府采购中实施本国产品标准及相关政策的通知》，明确了政府采购中 的本国产品标准及支持政策，自2026年1月1日起施行。 5、近日，教育部、财政部联合发文，今年计划招募 ...

来源：证监会 （文章来源：证券时报） 吴清强调，要深入学习贯彻即将召开的党的二十届四中全会精神，坚持党的全面领导，坚持人民至上， 坚持高质量发展，坚持全面深化改革，坚持有效市场和有为政府相结合，坚持统筹发展和安全，高质量 谋划和实施好"十五五"资本市场规划相关工作。以科创板、创业板"两创板"改革为抓手，进一步深化投 融资综合改革，全面推进实施新一轮资本市场改革开放，不断提升市场的吸引力、包容性和竞争力。上 市公司、行业机构和中介机构作为资本市场的重要参与主体，希望大家聚焦主业、强化功能、完善治 理，努力提升专业能力和市场声誉，持续涵养尊重投资者、回报投资者的市场文化，在资本市场改革发 展中实现自身高质量发展。 证监会有关司局负责同志参加座谈。 证监会召开"十五五"资本市场规划上市公司和行业机构座谈会。 为认真贯彻习近平总书记有关"十五五"规划编制工作的重要指示精神和9月29日中央政治局会议精神， 高质量做好"十五五"资本市场规划思路和举措谋划工作，证监会党委书记、主席吴清在北京召开专题座 谈会，与部分上市公司、行业机构和中介机构代表、中国资本市场学会会员深入交流，充分听取意见建 议。 座谈中，大家一致认为，" ...

吴清强调，要深入学习贯彻即将召开的党的二十届四中全会精神，坚持党的全面领导，坚持人民至上， 坚持高质量发展，坚持全面深化改革，坚持有效市场和有为政府相结合，坚持统筹发展和安全，高质量 谋划和实施好"十五五"资本市场规划相关工作。以科创板、创业板"两创板"改革为抓手，进一步深化投 融资综合改革，全面推进实施新一轮资本市场改革开放，不断提升市场的吸引力、包容性和竞争力。上 市公司、行业机构和中介机构作为资本市场的重要参与主体，希望大家聚焦主业、强化功能、完善治 理，努力提升专业能力和市场声誉，持续涵养尊重投资者、回报投资者的市场文化，在资本市场改革发 展中实现自身高质量发展。 证监会有关司局负责同志参加座谈。 来源：证监会发布 （文章来源：上海证券报） 证监会召开"十五五"资本市场规划上市公司和行业机构座谈会 为认真贯彻习近平总书记有关"十五五"规划编制工作的重要指示精神和9月29日中央政治局会议精神， 高质量做好"十五五"资本市场规划思路和举措谋划工作，证监会党委书记、主席吴清在北京召开专题座 谈会，与部分上市公司、行业机构和中介机构代表、中国资本市场学会会员深入交流，充分听取意见建 议。 座谈中，大家一致认为 ...

Core Viewpoint - The meeting emphasized the need for high-quality planning for the "15th Five-Year" capital market strategy, building on the achievements of the "14th Five-Year" period, and focusing on comprehensive reforms in the capital market [1][2]. Group 1: Achievements and Developments - During the "14th Five-Year" period, China's capital market experienced significant growth in both quantity and quality, particularly after the implementation of the new "National Nine Articles" and the "1+N" policy framework [1]. - The foundational systems and regulatory logic of the capital market have been comprehensively restructured, leading to a more complete multi-level market system and enhanced market resilience [1]. Group 2: Proposed Reforms and Strategies - Suggestions for the "15th Five-Year" capital market planning include deepening reforms in areas such as issuance, refinancing, and mergers and acquisitions, while enhancing policy execution mechanisms to increase market attractiveness and inclusivity [2]. - There is a call for greater support for listed companies to improve their performance, encouraging them to increase dividend payouts and share buybacks, and enhancing the role of institutional investors in corporate governance [2]. - The development of high-quality securities and fund companies is encouraged to create top-tier investment banks and institutions, alongside promoting the high-quality development of intermediary institutions like accounting and law firms [2]. - The proposal includes enriching the A-share market product service system with more indices, ETFs, and derivatives to better serve the preservation and appreciation of residents' wealth [2]. - Enhancing cross-border investment and financing convenience and increasing the institutional openness of the capital market are also highlighted as key areas for reform [2]. Group 3: Leadership and Governance - The importance of adhering to the Party's comprehensive leadership and prioritizing high-quality development and effective market governance is emphasized [2]. - Listed companies, industry institutions, and intermediaries are urged to focus on their core businesses, enhance their functions, and improve governance to elevate their professional capabilities and market reputation [3].

星标 ★ IPO日报 精彩文章第一时间推送 为认真贯彻习近平总书记有关"十五五"规划编制工作的重要指示精神和9月29日中央政治局会 议精神，高质量做好"十五五"资本市场规划思路和举措谋划工作，证监会党委书记、主席吴 清在北京召开专题座谈会，与部分上市公司、行业机构和中介机构代表、中国资本市场学会 会员深入交流，充分听取意见建议。 座谈中，大家一致认为，"十四五"时期，我国资本市场实现了量质齐升，特别是新"国九 条"和资本市场"1+N"政策体系发布实施以来，资本市场基础制度和监管底层逻辑得到全方位 重构，多层次市场体系更加完备，市场功能不断健全，市场韧性明显增强，市场生态持续净 化。 会上，大家围绕如何做好"十五五"资本市场规划、进一步全面深化资本市场改革提出了具体 意见建议。 主要包括：进一步深化发行上市、再融资、并购重组等领域改革，完善政策执行机制，不断 增强资本市场的吸引力和包容性；更大力度支持上市公司做优做强，引导上市公司加大分红 回购力度，进一步发挥机构投资者在上市公司治理中的作用，不断提升上市公司质量和投资 价值；支持优质证券基金公司等行业机构打造一流投资银行和投资机构，推动会计师、律师 事务所等中 ...

据证监会网站，为认真贯彻习近平总书记有关"十五五"规划编制工作的重要指示精神和9月29日中央 政治局会议精神，高质量做好"十五五"资本市场规划思路和举措谋划工作，证监会党委书记、主席吴 清在北京召开专题座谈会，与部分上市公司、行业机构和中介机构代表、中国资本市场学会会员深入交 流，充分听取意见建议。 座谈中，大家一致认为，"十四五"时期，我国资本市场实现了量质齐升，特别是 新"国九条"和资本市 场" 1+N " 政策 体系发布 实施以来 ， 资本 市场 基础制度和监管底层逻辑得到全方位重构 ， 多层 次市场体系更加完备 ， 市场功能不断健全，市场韧性明显增强，市场生态持续净化。会上， 大家围 绕如何做好 "十五五" 资本市场规划、进一步全面深化资本市场改革提出了具体意见建议。主要 包括 ：进一步深化发行上市、再融资、并购重组等领域改革，完善政策执行机制，不断增强资本市场的吸引 力和包容性；更大力度支持上市公司做优做强，引导上市公司加大分红回购力度，进一步发挥 机构投 资者在 上市 公司治理中的作用 ， 不断提升上市公司质量和投资价值；支持优质证券基金公司等行业 机构 打造一流 投资银行和投资机构，推动会计师、 ...

据中国证监会网站9月30日消息，为认真贯彻习近平总书记有关"十五五"规划编制工作的重要指示精神和9月29日中央政治 局会议精神，高质量做好"十五五"资本市场规划思路和举措谋划工作，证监会党委书记、主席吴清在北京召开专题座谈会，与 部分上市公司、行业机构和中介机构代表、中国资本市场学会会员深入交流，充分听取意见建议。 座谈中，大家一致认为，"十四五"时期，我国资本市场实现了量质齐升，特别是新"国九条"和资本市场"1+N"政策体系发 布实施以来，资本市场基础制度和监管底层逻辑得到全方位重构，多层次市场体系更加完备，市场功能不断健全，市场韧性明 显增强，市场生态持续净化。 本报记者 吴晓璐 会上，大家围绕如何做好"十五五"资本市场规划、进一步全面深化资本市场改革提出了具体意见建议。主要包括：进一步 深化发行上市、再融资、并购重组等领域改革，完善政策执行机制，不断增强资本市场的吸引力和包容性；更大力度支持上市 公司做优做强，引导上市公司加大分红回购力度，进一步发挥机构投资者在上市公司治理中的作用，不断提升上市公司质量和 投资价值；支持优质证券基金公司等行业机构打造一流投资银行和投资机构，推动会计师、律师事务所等中介机 ...