Workflow
稳资本市场
icon
Search documents
资本市场“稳”字当头 | 两会关注
Core Viewpoint - The stability of the capital market is crucial for the healthy operation of the macro economy, and measures to stabilize the capital market are essential for achieving economic stability and high-quality development [1]. Group 1: Stabilizing the System - There is a strong expectation for a new round of reforms in the capital market, with a focus on supporting new productive forces and enhancing the adaptability of the system [2]. - The government aims to deepen comprehensive reforms in capital market financing, balancing investment and financing functions [2]. - The capital market should transition from a "financing market" to an "investment market," emphasizing both financing and investment [2]. Group 2: Stabilizing Funds - Promoting the entry of medium- and long-term funds into the market is a key focus, as these funds are vital for maintaining market stability [4]. - The government has outlined specific measures to facilitate the entry of medium- and long-term funds, including public funds and pension funds [4][5]. - Suggestions include optimizing legal and policy frameworks to reduce investment risks and expanding the investment scope of funds towards equity assets [5]. Group 3: Stabilizing Companies - Improving the quality of listed companies is essential for the healthy development of the capital market and protecting investor interests [7]. - Initiatives such as the "quality return dual enhancement" action have seen significant participation from listed companies, with many committing to quality improvement plans [7][8]. - The government encourages mergers and acquisitions to strengthen companies and enhance their market positions [8][9]. Group 4: Stabilizing Regulation - Strengthening market regulation is crucial for maintaining capital market stability, with recent measures aimed at enhancing enforcement transparency [10]. - The introduction of new rules to combat securities fraud and improve legal frameworks is a priority for regulators [11]. - Suggestions include enhancing the regulatory mechanisms for major shareholders' share reductions and linking share buybacks to shareholder returns [12][13].