登录新浪财经APP 搜索【信披】查看更多考评等级 （来源：经济参考报） 一是持续完善长钱长投的制度环境。合力推动各类中长期资金进一步提高入市规模比例，丰富适配长期 投资的产品和风险管理工具，优化合格境外投资者等制度安排，让各类资金愿意来、留得住、发展得 好。 二是不断增强对科技创新企业服务的精准性、有效性。纵深推进科创板、创业板改革，深化再融资改 革，加快健全多层次资本市场体系，推动优化私募股权创投"募、投、管、退"循环，增强对科技创新企 业的全生命周期服务能力。 三是推动上市公司提升价值创造能力。进一步深化并购重组改革，更好发挥公司治理内生约束作用，督 促上市公司严格规范信息披露等行为，强化股东回报意识，提升分红的稳定性、持续性和可预期性。同 时巩固深化常态化退市机制，促进上市公司结构不断优化。 四是加快培育一流投资银行和投资机构。强化分类监管、扶优限劣，督促行业机构把功能性放在首位。 坚持以客户为中心，不断提高价值发现、财富管理等专业能力，为投融资各方提供更加优质的服务。 五是进一步提升监管执法有效性。持续健全投资者教育、服务和保护体系，坚持依法从严监管，突出打 大、打恶、打重点，从严惩治各类恶性违法行为 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券时报记者 程丹 贺觉渊 陈华平指出，证监会将持续深化投融资综合改革，不断提高制度包容性、适应性，更好推动资本市场实现质的有 效提升和量的合理增长。 一是持续完善长钱长投的制度环境。合力推动各类中长期资金进一步提高入市规模比例，丰富适配长期投资的产 品和风险管理工具，优化合格境外投资者等制度安排，让各类资金愿意来、留得住、发展得好。 二是不断增强对科技创新企业服务的精准性、有效性。纵深推进科创板、创业板改革，深化再融资改革，加快健 全多层次资本市场体系，推动优化私募股权创投"募、投、管、退"循环，增强对科技创新企业的全生命周期服务 能力。 三是推动上市公司提升价值创造能力。进一步深化并购重组改革，更好发挥公司治理内生约束作用，督促上市公 司严格规范信息披露等行为，强化股东回报意识，提升分红的稳定性、持续性和可预期性。同时巩固深化常态化 退市机制，促进上市公司结构不断优化。 四是加快培育一流投资银行和投资机构。强化分类监管、扶优限劣，督促行业机构把功能性放在首位。坚持以客 户为中心，不断提高价值发现、财富管理等专业能力，为投融资各方提供更加优质的服务。 五是进 ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) aims to deepen comprehensive reforms in investment and financing, enhancing the inclusiveness and adaptability of the system to promote qualitative and quantitative growth in the capital market [1]. Group 1: Reform Initiatives - Continuous improvement of the long-term investment environment is emphasized, aiming to increase the proportion of various long-term funds entering the market and to optimize institutional arrangements for qualified foreign investors [1]. - The CSRC is focused on enhancing the precision and effectiveness of services for technology innovation enterprises, advancing reforms in the Sci-Tech Innovation Board and the Growth Enterprise Market, and improving the multi-tiered capital market system [2]. Group 2: Market Developments - By the end of last year, various long-term funds held approximately 23 trillion yuan in A-share market value, a 36% increase from the beginning of the year. The scale of equity funds grew from 8.4 trillion yuan to about 11 trillion yuan [3]. - The support for new productive forces is being strengthened, with the market's technological content increasing. By 2025, the total market value of the electronics industry is expected to surpass that of the banking sector, making it the largest industry in A-shares [3]. Group 3: Enhancing Company Value - The CSRC is pushing for listed companies to enhance their investment value by strengthening policy guidance and institutional constraints, encouraging companies to increase dividend payouts, with cash dividends expected to reach 2.55 trillion yuan by 2025 [3][4]. - The implementation of the "merger and acquisition six guidelines" and supporting systems is aimed at helping listed companies improve and strengthen their operations, with over 200 major asset restructuring disclosures last year indicating increased market activity [3]. Group 4: Regulatory Effectiveness - The CSRC is committed to enhancing the effectiveness of regulatory enforcement, focusing on investor education, service, and protection systems, and strictly regulating to combat severe violations [4].