Core Viewpoint - The Chairman of the China Securities Regulatory Commission (CSRC), Wu Qing, emphasized the need for deepening reforms in the capital market to enhance its inclusiveness, adaptability, and competitiveness in the face of global changes and technological innovations [1] Group 1: Financial Market Reforms - The CSRC plans to advance sector reforms to enhance the inclusiveness and coverage of the multi-tiered market system, with a focus on the Sci-Tech Innovation Board and the upcoming reforms for the Growth Enterprise Market [2] - The CSRC aims to support innovative small and medium-sized enterprises (SMEs) and promote the high-quality development of the Beijing Stock Exchange [2] Group 2: Market Stability and Governance - The CSRC will introduce a refinancing framework to broaden support channels for mergers and acquisitions, encouraging listed companies to improve governance and increase shareholder returns [2] - There will be a focus on long-term investment products and risk management tools to create a robust market ecosystem for long-term capital [2] Group 3: Opening Up and International Cooperation - The CSRC has launched the "Qualified Foreign Investor System Optimization Work Plan" to enhance the investment environment for foreign investors, including streamlined approval processes and expanded investment scopes [3] - Efforts will be made to improve the mutual connectivity mechanisms and deepen cooperation between the mainland and Hong Kong markets [3] Group 4: Investor Protection - The CSRC will release new opinions on strengthening the protection of small investors, focusing on fair trading environments and enhancing service levels of industry institutions [4] - A total of 23 practical measures will be introduced to reinforce the investor protection framework [4] Group 5: Capital Market Development in Beijing - The CSRC recognizes its responsibility in supporting the construction of the Beijing National Financial Management Center as part of the broader goal of building a financial powerhouse [5] - Beijing will serve as a key window for capital market reforms and the implementation of innovative policies [6]