证监会召开"十五五"资本市场规划专家学者座谈会 为认真贯彻习近平总书记有关"十五五"规划编制工作的重要指示精神，科学谋划"十五五"时期资本市场重点任务举措， 近日证监会党委书记、主席吴清在北京召开专题座谈会，与部分高校和行业机构专家学者、中国资本市场学会会员深入 交流，充分听取意见建议。 证监会党委委员、副主席李超参加座谈。 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 座谈中，大家一致认为，"十四五"时期特别是 新"国九条"实施以来， "科创板八条"、"并购六条"、推动中长期资金入 市指导意见、科创板" 1+6 "改革等 资本市场" 1+N " 政策 体系持续 落地 见效 ，市场 基础制度不断优化 ， 各方预期 和 信心明显增强 ，今年以来A股企稳回升、交易日趋活跃。会上， 大家围绕如何做好资本市场 "十五五" 规划，提出了 针对性、前瞻性的意见建议。主要 包括： 健全多层次资本市场体系，进一步深化制度改革，增强市场功能；提升上市公 司质量和投资价值，加快培育壮大长期资本、耐心资本、战略资本，推动更多中长期资金入市；进一步健全股票、债 券、衍生品、跨境监管等资本市场重点 ...

BNP has hired Huatai’s Doris Jiang to lead Chinese equity capital market deals for the French bank, according to people familiar with the matter https://t.co/nKtXRCIYXx ...

深圳特区，因改革而生，因开放而兴。作为改革开放的"试验田"，深圳在金融领域的探索从未停歇:这 里诞生了全国第一家外资银行分行、第一家股份制商业银行、第一家证券交易所……这些破冰之举不仅 为深圳经济注入了源源不断的资金活水，更以"先行先试"的实践，为中国金融改革积累了宝贵的经验财 富。 深圳金融科技蝉联全国第一、全球第三 历经45年深耕，深圳金融业已形成"参天大树"般的生态体系。Wind数据显示，截至2024年年底，深圳 金融行业总市值达3.26万亿元，较特区成立初期实现指数级增长；金融业增加值从2005年的305.68亿元 跃升至2024年的4710.48亿元，占GDP比重达15.2%，税收贡献超22%，成为名副其实的支柱产业。 此外，深圳资本市场的活力同样令人瞩目。截至2025年8月22日，深圳境内外上市公司总数已达582家， A股总市值超12万亿元，资本市场活力持续稳居全国前列，为企业融资、产业升级提供了强大支撑。 2025年3月，英国智库Z/Yen集团与中国(深圳)综合开发研究院联合发布的《第37期全球金融中心指数报 告(GFCI 37)》显示，在119个金融中心城市中，深圳金融科技专项排名蝉联全国第一 ...

Group 1 - The SPDR S&P Capital Markets ETF (NYSEARCA: KCE) aims to track the S&P Capital Markets Select Industry Index and was launched in November 2005 with an expense ratio of 0.35% and net assets of $590 million [1] - Blue Chip Portfolios is an investment publication company that provides insights on single stocks, ETFs, and CEFs, and publishes the Blue Chip Portfolio's Newsletter on Beehiiv [1]

Welcome Mustafa Al Niama to @Mysten_Labs as Head of Capital Markets - bringing Sui closer to global finance 🌐MystenLabs.sui (@Mysten_Labs):We’re excited to welcome Mustafa Al Niama as Mysten Labs’ new Head of Capital Markets!Formerly head of Goldman Sachs’ Americas digital-assets desk, Mustafa will lead efforts to expand Sui’s reach into institutional markets and accelerate onchain financial innovation.Learn https://t.co/MgkAl9k1eo ...

接下来还要通过多方面措施，巩固资本市场回稳向好的势头。中长期的改革举措推动市场发展 更多依靠业绩驱动、制度变革驱动。市场运行逻辑的深刻变化为巩固市场回稳向好势头、增强 市场吸引力和包容性奠定良好基础。巩固资本市场回稳向好的势头，可以通过多方面措施，一 是进一步增量扩围资本市场调节工具，包括优化支持资本市场两项工具额度使用和政策安排 等；二是一些专家建议，创设新型金融工具，增加对中央汇金公司的流动性补充，整合地方资 产管理公司、地方金融控股平台等资源，增强其稳定资本市场的能力；三是进一步规范化中央 汇金公司的类平准基金相关操作，建立科学、完善的运行机制与制度安排。当前国际经济环境 依然严峻复杂，不确定性风险因素依然较多，巩固资本市场回稳向好势头仍不可掉以轻心。 近日，中共中央政治局召开会议，分析研究当前经济形势，部署下半年经济工作。会议指出， 增强国内资本市场的吸引力和包容性，巩固资本市场回稳向好势头。会议关于中国资本市场的 发展部署，充分体现完整、系统且长远的战略考量。 增加市场的吸引力，首先需要改善投资预期。关于市场吸引力，如果侧重于资金端，那么"吸 引力"是指持续鼓励和引导国内外资金进入资本市场；如果侧重 ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) emphasizes the importance of maintaining market stability, strict regulation, strong functionality, and a competent workforce to support the ongoing recovery of the economy and the modernization of China [1][4]. Group 1: Market Resilience and Expectations - The CSRC has focused on risk prevention, strong regulation, and promoting high-quality development, leading to improved market resilience and expectations [2][3]. - Major indices in the A-share market have shown recovery after initial declines, with the Shanghai Composite Index at 3593.66 points and the Shenzhen Component Index at 11168.14 points, both up over 7% year-to-date [2]. Group 2: Key Work Areas for CSRC - The CSRC outlines seven key areas for future work, including consolidating market stability, deepening reforms to enhance market vitality, improving regulatory effectiveness, and managing risks in key areas [4]. - Specific measures include enhancing market monitoring and risk response mechanisms, promoting the implementation of the "1+6" policy for the Sci-Tech Innovation Board, and advancing reforms in the ChiNext [4][6]. Group 3: Enhancing Long-term Capital and Governance - The CSRC aims to cultivate long-term and patient capital, encouraging the entry of medium to long-term funds into the market and advancing public fund reforms [7]. - There is a focus on improving corporate governance and preventing financial fraud, with an emphasis on the importance of accurate information disclosure and regulatory mechanisms [5][6]. Group 4: Research and Strategic Alignment - The CSRC stresses the need to enhance the authority and influence of research on major capital market issues to better serve national strategies and regulatory needs [8]. - Financial institutions are encouraged to improve their professional capabilities and align their research with national strategic directions, such as innovation-driven development and high-level opening-up [8].

Group 1 - The seminar is the first of its kind in Guizhou province, targeting all county-level leaders to enhance understanding of capital market development [1] - Participants include deputy county heads from 88 counties and financial management officials from 9 cities, emphasizing the broad engagement in financial reform [1] - The Guizhou Provincial Financial Office stresses the importance of deepening financial and capital market reforms to support the province's modernization and industrial development goals [1] Group 2 - The seminar focuses on ten key themes, including top-level design for enterprise listings, utilization of bond market tools, and the role of futures in supporting the real economy [2] - Experts from regulatory bodies, capital market academies, local universities, and leading industry institutions are invited to deliver lectures [2] - The initiative aligns with the spirit of the 20th National Congress and the Central Financial Work Conference, aiming to enhance understanding of financial system reforms [2]

Group 1 - The core viewpoint of the articles highlights the intensified crackdown on financial fraud in China's capital markets, with significant legal actions taken against companies and individuals involved in such activities [1][2][3] - Since 2025, nine companies have faced forced delisting due to serious financial fraud, indicating a growing trend of regulatory enforcement [1][4] - The regulatory framework has evolved to include a comprehensive three-pronged approach combining administrative penalties, criminal accountability, and civil compensation to effectively combat financial fraud [8][10] Group 2 - The regulatory measures have expanded to include third-party accomplices in financial fraud, marking a significant shift towards a "full-chain accountability" mechanism [2][6] - In 2024, the China Securities Regulatory Commission (CSRC) handled 128 cases of financial fraud, reflecting a proactive stance in identifying and addressing fraudulent activities [9] - The introduction of stricter delisting criteria, such as mandatory delisting for companies with three consecutive years of fraud or a single year exceeding 200 million yuan, has been established to enhance market integrity [3][4] Group 3 - The implementation of new laws and regulations, including the revised Company Law and Accounting Law, has increased penalties for financial fraud, thereby strengthening deterrence [12][13] - The establishment of a robust internal governance structure within companies is emphasized as a critical measure to prevent financial misconduct [12] - The regulatory environment is increasingly utilizing advanced technologies and data analysis to enhance monitoring and enforcement capabilities, thereby improving the overall effectiveness of market supervision [14]

Group 1 - In June 2023, the A-share market saw 150 companies' IPOs accepted, a fivefold increase compared to 30 in the same month last year [2] - The total number of IPOs accepted in the first half of 2023 was 177, with June accounting for 85% of this total, indicating a typical seasonal spike rather than an overwhelming influx [2] - The Beijing Stock Exchange led with 115 accepted IPOs, while the Shenzhen and Shanghai Stock Exchanges had 32 and 30 respectively, reflecting a significant increase of 453% year-on-year due to a low base last year [2] Group 2 - The average issuance price-to-earnings (P/E) ratio for new stocks in the first half of 2023 was 18.83 times, a 57% decrease from 43.37 times in the same period of 2022, indicating a more rational pricing environment [3] - The proportion of companies exceeding their fundraising targets (overfunding) dropped from 40.9% last year to 21.6%, with overfunded amounts limited to 1-1.3 times the original plan, largely due to new regulations from the China Securities Regulatory Commission [3] Group 3 - The average online subscription success rate for new stocks fell to 0.0289%, significantly lower than the 2024 average of 0.0497% and the 2022 rate of 0.669%, highlighting a growing challenge for investors [4] - No new stocks have experienced a price drop on their first trading day in 2023, with the average price change on the first day being 226.72%, compared to 136.05% in the same period last year, suggesting a supply-demand imbalance in the IPO market [4] - The current market trend indicates a shift from defending the 3000-point level to targeting 3500, 3600, and even 4000 points, with IPOs contributing positively to the market's healthy cycle [4]