| 21 | 广东省 | 深圳市 | 宝安区松岗街道 | 271 | 浙江省 | 宁波市 | 郵州区 | | --- | --- | --- | --- | --- | --- | --- | --- | | 22 | 广东省 | 深圳市 | 南山区南山街道 | 272 | 厂东省 | 广州市 | 番禺区 | | 23 | 广东省 | 深圳市 | 龙岗区龙城街道 | 273 | 广东省 | 广州市 | 番禺区 | | 24 | 广东省 | 深圳市 | 龙华区观澜街道 | 274 | 江苏省 | 苏州市 | 苏州高新技 东 | | 25 | 广东省 | 深圳市 | ◇龙岗区龙岗街道 | 275 | 石南省 | 尾明市 | 盘龙区 | | 26 | 江苏省 | 南京市 | 浦口区江浦街道 | 276 | 陕西省 | 西安市 | 未央区: | | 27 | 四川省 | 成都市 | 成华区猛追湾街道 | 277 | 广东省 | 广州市 | 天河区 | | 28 | 广东省 | 深圳市 | 宝安区福海街道 | 278 | 四川省 | 成都市 | 金牛区 | | 29 | 广东省 | 广州市 | 天河区石牌街道 | 27 ...

Core Viewpoint - The development of China's capital market is significantly lagging behind the real economy, particularly in high-tech and modern manufacturing sectors, with a disparity of two to three orders of magnitude compared to China's global influence in economy, trade, and technology [1][4]. Group 1: Reasons for Capital Market Underdevelopment - Cultural factors contribute to a deep-rooted discrimination against the capital market in China, where stock market profits are often viewed as illegitimate, affecting policy and regulatory frameworks [5][6]. - Institutional design poses challenges, as the legal framework in China is weak in punishing market violations, with penalties for fraudulent activities being disproportionately light compared to other financial crimes [6][12]. - There is a misperception regarding the market's primary function, which is overly focused on financing rather than investment, leading to a lack of emphasis on investor returns [6][12]. Group 2: Perspectives on Future Development - There is optimism regarding the changing attitudes of younger generations towards capital markets, as evidenced by successful examples of individuals and firms that have profited from secondary markets [7][8]. - The need for a stronger regulatory framework is emphasized, with calls for the securities regulatory body to have more authority and capability to enforce laws effectively [8][9]. - The importance of establishing a robust investor protection mechanism and a matching compensation system for market violations is highlighted as crucial for the development of a healthy capital market [12].