Core Viewpoint - The 22nd meeting of the International Advisory Committee of the China Securities Regulatory Commission (CSRC) focused on promoting high-quality development of the capital market through innovation, inclusiveness, and openness [1] Group 1: Meeting Highlights - The meeting was attended by 12 committee members, including Chairman Howard Davies, and CSRC officials, discussing the opportunities and challenges posed by emerging technologies in the capital market [1] - Committee members praised the outcomes of the 20th National Congress of the Communist Party of China, noting that since the government introduced a series of measures in September last year, the capital market has made progress in risk prevention, regulatory strengthening, and promoting high-quality development [1] - There is a consensus that during the 14th Five-Year Plan period, the capital market should play a more proactive role in contributing to China's economic high-quality development and providing more opportunities for the world [1] Group 2: Recommendations and Suggestions - The committee provided suggestions on improving the coordination between investment and financing functions in the capital market, enhancing the inclusiveness and adaptability of market systems, and refining the ecosystem for long-term investments [1] - Emphasis was placed on strengthening the functions of the bond and futures markets, leveraging technology to empower the development and regulation of the capital market, and advancing high-level institutional openness in the capital market [1] - The committee also highlighted the importance of deepening international regulatory cooperation [1]

Core Insights - The 22nd meeting of the China Securities Regulatory Commission (CSRC) International Advisory Committee focused on "Innovation, Inclusiveness, Openness, and Better Promotion of High-Quality Development in Capital Markets" [1] - The meeting included discussions on the opportunities and challenges posed by emerging technologies, enhancing market inclusivity, and better serving high-quality development [1] - The committee members praised the outcomes of the 20th National Congress and noted significant progress in China's capital market since the introduction of a comprehensive set of measures in September last year [1] Group 1 - The meeting highlighted the need for the capital market to contribute more actively to China's high-quality economic development during the 14th Five-Year Plan period [1] - Committee members emphasized the importance of improving the coordination between investment and financing functions in the capital market [1] - Suggestions were made to enhance the inclusivity and adaptability of capital market systems, and to strengthen the functions of the bond and futures markets [1] Group 2 - The role of technology in empowering the development and regulation of capital markets was underscored [1] - The meeting called for advancing high-level institutional openness in capital markets and deepening international regulatory cooperation [1] - The overall sentiment was that investor confidence has been boosted, and the attractiveness and resilience of Chinese assets have further increased [1]