Core Viewpoint - The meeting emphasized the importance of enhancing the resilience and risk resistance of the capital market, improving the inclusiveness and adaptability of market systems, and strengthening regulatory effectiveness and deterrence, while promoting deeper and higher-level capital market openness [1][2]. Group 1: Capital Market Resilience and Risk Management - The focus is on cultivating high-quality listed companies and improving the market ecology for long-term investments, while establishing mechanisms for market stability [2]. - The meeting highlighted the need to enhance the capital market's resilience and risk resistance capabilities [2]. Group 2: Regulatory Effectiveness and Market Adaptability - There is a commitment to deepen reforms in the Sci-Tech Innovation Board and the Growth Enterprise Market, and to strengthen the functions of the bond and futures markets [2]. - The regulatory framework will be improved to ensure effective enforcement against securities and futures violations, with an emphasis on digital and intelligent regulation [2]. Group 3: Capital Market Openness - The meeting called for a coordinated approach to market and product openness while ensuring security, aiming to build a world-class exchange and support Hong Kong's status as an international financial center [2]. - International regulatory cooperation will be deepened to enhance risk prevention and regulatory capabilities in an open environment [2]. Group 4: Party Discipline and Team Building - The meeting stressed the importance of strengthening party discipline and the construction of the regulatory team, ensuring accountability in party governance [2]. - There will be a focus on continuous improvement in the integrity and effectiveness of the regulatory system [2]. Group 5: Strategic Planning and Implementation - The meeting identified the need for thorough learning and implementation of the spirit of the Fourth Plenary Session, making it a major political task for the current and future periods [3]. - There is a call for comprehensive planning of strategic tasks and major initiatives for the capital market during the 14th Five-Year Plan period [3].

Core Points - The financial system is tasked with implementing the spirit of the Fourth Plenary Session of the 20th Central Committee as a major political task, emphasizing the need for comprehensive training and understanding of the session's principles [1] - There is a focus on planning key financial work for the 14th Five-Year Plan period, with an emphasis on risk prevention, strong regulation, and promoting high-quality development [1] - The goal is to build a modern financial system with Chinese characteristics and to support the construction of a strong financial nation [1] Group 1 - The meeting highlighted the importance of rapidly promoting the learning and implementation of the Fourth Plenary Session's spirit within the financial system [1] - It was emphasized that the financial system must maintain a focus on risk management and regulatory enforcement while supporting economic development [1] - The need for a solid approach to financial work in the fourth quarter was stressed, with a focus on preventing financial risks and achieving economic and social development goals [1] Group 2 - The meeting called for a clear understanding of the main objectives and challenges facing financial work during the 14th Five-Year Plan period [1] - There is a commitment to continuously implement the spirit of the Central Financial Work Conference and the important speeches by General Secretary Xi Jinping regarding financial work [1] - The financial system is urged to provide strong support for the successful completion of the 14th Five-Year Plan and to prepare for the 15th Five-Year Plan [1]

Core Viewpoint - The meeting emphasized the importance of enhancing the resilience and risk resistance of the capital market, improving the inclusiveness and adaptability of market systems, and strengthening regulatory effectiveness to better serve the "14th Five-Year Plan" development goals and the construction of a financial power [1][2][3] Group 1: Capital Market Resilience and Risk Management - The focus is on cultivating high-quality listed companies and improving the market ecology for long-term investments, while establishing mechanisms to stabilize the market [3] - The meeting highlighted the need to enhance the capital market's resilience and risk resistance capabilities [3] Group 2: Regulatory Effectiveness and Market Adaptability - There is a commitment to deepen reforms in the Sci-Tech Innovation Board and the Growth Enterprise Market, and to strengthen the functions of the bond and futures markets [3] - The regulatory framework will be improved to effectively combat various securities and futures violations, with an emphasis on digital and intelligent regulation [3] Group 3: Capital Market Opening and International Cooperation - The meeting called for a balanced approach to opening up the capital market while ensuring security, promoting bilateral openness of markets, products, and institutions [3] - It aims to enhance international regulatory cooperation and improve risk prevention and regulatory capabilities in an open environment [3] Group 4: Party Discipline and Team Building - The meeting stressed the importance of strengthening the party's discipline and the construction of the regulatory team, ensuring accountability in party governance [3] - There is a focus on maintaining a balance between strict management and support, aiming to build a competent regulatory team [3] Group 5: Strategic Planning for the 15th Five-Year Plan - The meeting outlined the need for scientific planning of the capital market's strategic tasks and major initiatives for the 15th Five-Year Plan [4] - It emphasized the importance of achieving the annual work goals and ensuring a solid foundation for high-quality development in the capital market during the 15th Five-Year Plan [4]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) emphasizes enhancing the resilience and risk resistance of the capital market, improving the inclusiveness and adaptability of market systems, and strengthening regulatory effectiveness and deterrence, while promoting deeper and higher-level market openness [1][2]. Group 1: Capital Market Resilience and Risk Management - The CSRC aims to cultivate a high-quality group of listed companies and improve the market ecology for long-term investments, thereby strengthening the internal foundation for market stability [2]. - The focus is on enhancing the resilience and risk resistance of the capital market through comprehensive reforms in investment and financing [2]. Group 2: Market System Improvement - The CSRC plans to deepen reforms in the Sci-Tech Innovation Board and the Growth Enterprise Market, leveraging the functions of multi-tiered equity markets such as the New Third Board and private equity [2]. - There is an emphasis on reinforcing the functions of the bond and futures markets to improve the overall market system [2]. Group 3: Regulatory Effectiveness - The CSRC intends to intensify the crackdown on various illegal activities in securities and futures, advancing digital and intelligent regulation to enhance regulatory efficiency and investor protection [2]. - The focus is on strict law enforcement and improving the legal framework of the capital market [2]. Group 4: Market Openness - The CSRC aims to promote a higher level of openness in the capital market, balancing openness with security, and advancing the dual-directional opening of markets, products, and institutions [2]. - There is a commitment to building a world-class exchange and supporting Hong Kong's status as an international financial center [2]. Group 5: Party Discipline and Team Building - The CSRC emphasizes strengthening party discipline and the construction of its workforce, ensuring accountability in political responsibilities and promoting a culture of integrity [2]. - The focus is on continuous improvement in the regulatory team's capabilities and effectiveness [2][3].

Core Points - The meeting emphasized the importance of adhering to the centralized and unified leadership of the Party Central Committee on financial work, and the commitment to advancing the construction of a financial power in line with Chinese characteristics [1][2] - The focus is on risk prevention, with a strong emphasis on maintaining a bottom line to prevent systemic financial risks, and enhancing mechanisms to address key areas of risk [2][3] - The meeting highlighted the need for high standards in learning and implementing the spirit of the 20th Central Committee's Fourth Plenary Session, ensuring that the outcomes of this learning translate into effective regulatory practices [3] Group 1 - The meeting called for a commitment to the primary responsibility of risk prevention, ensuring that systemic financial risks do not occur [2][3] - There is a need to enhance the regulatory framework, focusing on the five major regulatory areas to improve the foresight, precision, effectiveness, and coordination of financial regulation [2] - The meeting stressed the importance of aligning financial work with the economic and social development goals set for the 14th Five-Year Plan, ensuring that financial services support high-quality development [2][3] Group 2 - The meeting outlined the necessity for comprehensive and high-standard learning and implementation of the 20th Central Committee's Fourth Plenary Session spirit as a major political task [3] - It was emphasized that the learning outcomes should be transformed into practical results in regulatory practices, ensuring that the Party's decisions are fully implemented [3] - The meeting also discussed the importance of planning for the next year's work and the 15th Five-Year Plan to promote stable operation in the financial sector [3]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) emphasizes the importance of implementing the spirit of the 20th Central Committee's Fourth Plenary Session, focusing on enhancing the resilience and risk resistance of the capital market, and aligning actions with the central government's decisions [1][2][3] Group 1: Enhancing Market Resilience - The CSRC aims to cultivate high-quality listed companies and improve the market ecology for long-term investments, strengthening mechanisms for market stability [1][2] Group 2: Improving Market Inclusiveness and Adaptability - The focus is on deepening reforms in the Sci-Tech Innovation Board and the Growth Enterprise Market, while enhancing the functions of the New Third Board, private equity, and venture capital [2] Group 3: Strengthening Regulatory Effectiveness - The CSRC plans to intensify the crackdown on securities and futures violations, advancing digital and intelligent regulation to enhance investor protection [2] Group 4: Promoting Market Openness - The strategy includes advancing the opening of markets, products, and institutions while ensuring safety, and supporting Hong Kong's status as an international financial center [2] Group 5: Enhancing Party Discipline and Team Building - The CSRC emphasizes the importance of party discipline, continuous improvement of work styles, and the establishment of a robust regulatory team [2][3] Group 6: Strategic Planning for Future Development - The CSRC will prioritize learning and implementing the plenary session's spirit as a major political task, conducting research to plan strategic tasks for the 14th and 15th Five-Year Plans [3]

本报讯 （记者吴晓璐）据中国证监会网站消息，10月24日，中国证监会党委书记、主席吴清主持召开党委（扩大）会议， 认真传达学习党的二十届四中全会精神，按照金融系统学习贯彻党的二十届四中全会精神会议的工作要求，研究部署贯彻落实 举措。 会议认为，党的二十届四中全会是在我国即将胜利完成"十四五"主要目标任务，进入基本实现社会主义现代化夯实基础、 全面发力的关键时期召开的一次重要会议。习近平总书记在全会上的重要讲话高屋建瓴、思想深邃、视野宏阔，深刻回答了基 本实现社会主义现代化的一系列方向性、根本性重大问题，为今后五年我国发展指明了方向与路径，具有很强的政治性、思想 性、指导性。全会审议通过的《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》，科学分析了新时期世情国 情，对未来五年经济社会发展作出顶层设计和战略擘画，是乘势而上、接续推进中国式现代化建设的又一次总动员、总部署。 会议强调，证监会系统要认真贯彻落实习近平总书记重要讲话精神和全会决策部署，牢牢把握"六个坚持"，坚守监管的政 治性、人民性，紧扣防风险、强监管、促高质量发展的工作主线，进一步深化投融资综合改革，持续增强我国资本市场的包容 性、适应性 ...

同时，着力提高资本市场制度的包容性、适应性。深化科创板、创业板改革，充分发挥新三板、私募股 权和创业投资等多层次股权市场培育功能，强化债券和期货市场功能发挥。 此外，着力提升监管执法的有效性和震慑力；推动资本市场开放迈向更深层次、更高水平。加快建设世 界一流交易所，支持香港巩固提升国际金融中心地位。深化国际监管合作，切实提升开放环境下的风险 防控水平和监管能力。 文/王兆寰 编辑：麻晓超 10月24日晚间，证监会发布消息称，要进一步深化投融资综合改革，持续增强我国资本市场的包容性、 适应性和吸引力、竞争力，更好服务"十五五"发展目标和金融强国建设。 当天，中国证监会党委书记、主席吴清主持召开党委（扩大）会议，认真传达学习党的二十届四中全会 精神，研究部署贯彻落实举措。 会议强调，要着力增强资本市场的韧性和抗风险能力。培育和发展高质量的上市公司群体，完善"长钱 长投"的市场生态，加强长效化稳市机制建设，持续夯实市场稳定的内在基础。 ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) emphasizes the importance of implementing the spirit of the 20th Central Committee's Fourth Plenary Session, focusing on risk prevention, strong regulation, and promoting high-quality development in the capital market [1][2]. Group 1: Enhancing Market Resilience and Risk Management - The CSRC aims to strengthen the resilience and risk management capabilities of the capital market by cultivating high-quality listed companies and improving the long-term investment ecosystem [1]. - There is a focus on establishing a stable market mechanism to solidify the internal foundation for market stability [1]. Group 2: Improving Market Inclusiveness and Adaptability - The CSRC plans to deepen reforms in the Sci-Tech Innovation Board and the Growth Enterprise Market, enhancing the nurturing functions of multi-tiered equity markets such as the New Third Board, private equity, and venture capital [2]. - Strengthening the functions of the bond and futures markets is also a priority [2]. Group 3: Enhancing Regulatory Effectiveness - The CSRC will intensify efforts to combat various securities and futures violations, accelerating the advancement of digital and intelligent regulation [1]. - There is a commitment to improving legal frameworks and enhancing the protection of investor rights [1]. Group 4: Promoting Market Openness - The CSRC aims to advance the opening of the capital market to a deeper and higher level, balancing openness with security [2]. - Efforts will be made to support Hong Kong in consolidating its status as an international financial center and to enhance international regulatory cooperation [2]. Group 5: Strengthening Internal Governance - The CSRC emphasizes the importance of party discipline and the construction of a competent regulatory team, focusing on accountability and continuous improvement in governance [2]. - There is a commitment to rigorous oversight and the promotion of a culture of integrity within the organization [2].

Core Viewpoint - The Chairman of the China Securities Regulatory Commission, Wu Qing, emphasizes the need to enhance the inclusiveness, adaptability, attractiveness, and competitiveness of China's capital market to better serve the "14th Five-Year Plan" development goals and the construction of a financial power [1] Group 1 - The focus is on strengthening the resilience and risk resistance capabilities of the capital market [1] - There is an emphasis on cultivating and developing a high-quality group of listed companies and improving the market ecology for long-term investment [1] - The establishment of long-term stabilization mechanisms is highlighted to solidify the internal foundation for market stability [1] Group 2 - The need to enhance the inclusiveness and adaptability of capital market systems is stressed [1] - Reforms of the Sci-Tech Innovation Board and the Growth Enterprise Market are to be deepened, with a focus on the nurturing functions of multi-tiered equity markets such as the New Third Board, private equity, and venture capital [1] - The effectiveness and deterrent power of regulatory enforcement will be improved, with a focus on cracking down on various illegal activities in securities and futures [1] Group 3 - The push for capital market openness includes orderly advancement of both market and product institutional openings [1] - There is a call to accelerate the construction of world-class exchanges [1]