Group 1 - The core viewpoint of the article emphasizes the clear deployment of capital market development in the "15th Five-Year Plan," aiming to serve the real economy and promote high-quality economic development [1] - The plan highlights the importance of deepening reforms to enhance the multi-tiered capital market system, improving institutional inclusiveness and adaptability [1][2] - Capital markets are expected to play a crucial role in supporting the modernization of the industrial system and advancing high-level technological self-reliance [1] Group 2 - The proposal includes enhancing the inclusiveness and adaptability of capital market systems, focusing on coordinated investment and financing functions [2] - Experts suggest that reforms in the Sci-Tech Innovation Board and Growth Enterprise Market should be leveraged to create more suitable listing standards for emerging industries [2][3] - The construction of an integrated investment and financing ecosystem will be a key focus during the "15th Five-Year Plan" period [2] Group 3 - The investment side will see solid progress in public fund reforms and the promotion of long-term investment products and risk management tools [3] - Policies are expected to enhance the quality of listed companies and encourage higher dividend payouts, thereby supporting wealth preservation and growth for residents [3] Group 4 - The proposal advocates for the active development of direct financing through equity and bond markets, as well as the steady growth of futures, derivatives, and asset securitization [4] - Experts recommend optimizing the issuance and listing systems to support a comprehensive equity financing service system covering the entire lifecycle of enterprises [4] Group 5 - The establishment of a well-functioning capital market is deemed essential for efficient resource allocation and includes various financial instruments beyond just the stock market [6][7] - A multi-dimensional capital market is characterized as an efficient resource allocator, a balanced community of interests, a comprehensive risk manager, and a smooth wealth converter [7]