登录新浪财经APP 搜索【信披】查看更多考评等级 来源：鹏友来开会 吴清表示，证监会将加强对"十五五"时期资本市场改革发展稳定重大问题的研究，把战略需要和实践可 能统一起来，把市场所需和监管所谋统一起来，高质量编制和实施好资本市场"十五五"规划。 吴清强调，要紧紧围绕防风险、强监管、促高质量发展的工作主线，全力巩固资本市场稳中向好势头， 聚焦持续深化资本市场投融资综合改革、提高制度包容性适应性，抓紧推出深化创业板改革，持续推动 科创板改革落实落地，提高再融资制度便利性、灵活性和吸引力，促进北交所、新三板一体化高质量发 展，增强多层次市场覆盖面和辐射力，更加有力有效支持现代化产业体系建设和新质生产力发展，积极 服务"十五五"发展目标和金融强国建设。上市公司是资本市场之基，要专注主业、完善治理，努力提升 发展质量，增强回报投资者能力，为资本市场高质量发展提供坚实支撑。 本次座谈会主要邀请上市公司代表参加，大家提出的意见建议包括：持续优化发行上市制度规则，更好 适配新兴产业、未来产业发展和传统产业转型升级需求；提升上市公司再融资效率，更好激活并购重组 市场活力；更大力度培育耐心资本和推动中长期资金入市，更好匹配产业 ...

中国证监会主席吴清在 2 0 2 5 年金融街论坛年会上提出多项创新改革路 径，聚焦多层次资本市场建设、上市公司质量提升、对外开放及投资者 保护，旨在推动资本市场高质量发展。中国资本市场学会 2 0 2 5 年 6 月 登记注册， 是由 中国证券监督管理委员会 主 管的全国性、学术性、非 营利性社会团体。 同年 1 0 月 2 9 日，资本市场学会创新发展专业委员 会落地清华大学五道口金融学院，聚焦资本市场创新领域。 1 原创首发 未在任何平台发表 在此背景下，《清华金融评论》 拟以 " 创 新 改 革 路 径 推 动 资 本 市 场 高 质量发展" 为 主 题 策 划 一 期 封 面 专 题 ， 深入探讨 资 本 市 场 支 持 新 质 生 产力发展、二级市场维稳机制、资本市场对外开放、债券市场创新等 问 题 ， 期待为 资本市场改革创新 找寻有效路径 。 《清华金融评论》 2026 年第3 期专题 创新改革路径 推动资本市场高质量发展 中国证监会主席吴清在 2025 年金融街论坛年会上提出多项创新改革路径，聚焦多层次资本市场建设、上市公司质 量提升、对外开放及投资者保护，旨在推动资本市场高质量发展。其核心 ...

2025年，IPO市场在持续强调支持科技创新，以及科创板、创业板皆启动未盈利企业上市标准的背景下 些许转暖。三月，沪深北三大交易所受理及上会审核工作全线启动；六月及十二月，新受理企业数量集 中增长。上会审核环节，北交所及主板上会企业数量占比提升。 2025年，三大交易所合计113家IPO企业上会，其中北交所上会企业数量占比达46%，其次为主板 （26%）、科创板（16%）、创业板12%。 过会率方面，二次上会企业以当年最终审核结果计算，111家获审核通过，2家北交所企业被暂缓审议， 整体过会率为98.23%。细分板块来看，除北交所为96.15%外，其余板块2025年IPO过会率皆为100%。 但在市场转暖，鼓励性政策频出，消费类企业IPO进程取得突破的同时，审核端并未放宽。随着募资新 规实施，监管对募投项目合理性、必要性及产能消化方面的关注度也持续提高。且在证监会持续强调打 击财务造假的背景下，各板块IPO企业的财务真实性、业绩稳定性等在上会阶段的出现频次仍保持高 位。而科创板、创业板在启动未盈利企业上市标准的同时，从审核问题来看，监管对相关企业的盈利预 测等前瞻性信息也予以了颇多关注。 本篇中，汉鼎咨询手动 ...

In the current session, Blackstone Inc. (NYSE:BX) is trading at $150.20, after a 0.19% decrease. Over the past month, the stock decreased by 3.17%, and in the past year, by 17.55%. With performance like this, long-term shareholders are more likely to start looking into the company's price-to-earnings ratio. Evaluating Blackstone P/E in Comparison to Its PeersThe P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance aga ...

In the current session, KKR Inc. (NYSE:KKR) is trading at $124.00, after a 1.81% decrease. Over the past month, the stock fell by 7.02%, and in the past year, by 24.78%. With performance like this, long-term shareholders are more likely to start looking into the company's price-to-earnings ratio. Evaluating KKR P/E in Comparison to Its PeersThe P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past ear ...

Thailand’s Securities and Exchange Commission (SEC) will bring in new provisions for crypto exchange-traded funds and the development of digital assets as an investment class as part of its new three-year plan. The plan, released Monday, focuses on improving the competitiveness of and confidence in local markets, leveraging technology for the development of digital assets as an investment class, creating sustainable capital markets, improving the financial wellbeing of the public and enhancing organizatio ...

Core Viewpoint - The article emphasizes the need for innovative reform paths to promote high-quality development in China's capital markets, focusing on multi-level market construction, improving the quality of listed companies, enhancing openness, and protecting investors [3][4]. Group 1: Reform Directions - The core content revolves around four major reform directions: enhancing the inclusiveness of multi-level markets, solidifying the foundation for market stability, expanding high-level institutional openness, and strengthening investor protection [3][4]. Group 2: Establishment of the Capital Market Society - The China Capital Market Society was registered on June 16, 2025, under the Ministry of Civil Affairs, supervised by the China Securities Regulatory Commission, and aims to serve as a high-end think tank for theoretical research, academic exchange, and decision-making consultation in the capital market [3][4]. Group 3: Thematic Focus of Tsinghua Financial Review - The Tsinghua Financial Review plans to explore topics such as the support of capital markets for new productive forces, mechanisms for stabilizing the secondary market, openness of capital markets, and innovations in the bond market, seeking effective paths for capital market reform and innovation [4][5]. Group 4: Call for Contributions - The article outlines 13 specific topics for contributions, including enhancing the inherent stability of capital markets, the role of long-term funds in market stability, effective foreign capital market openness, and innovations in the bond market [5].

Group 1: Market Stability and Regulation - The meeting emphasized the importance of maintaining market stability and preventing significant fluctuations, with a focus on strict enforcement against market manipulation and excessive speculation [2][3][4] - The regulatory body aims to enhance market monitoring and improve the effectiveness of trading and information disclosure regulations to ensure fairness in transactions [2][3] - There is a commitment to deepen public fund reforms and broaden channels for long-term capital, promoting a market environment conducive to long-term and value investments [2] Group 2: Enhancing Market Inclusivity and Adaptability - The meeting proposed reforms to enhance the inclusivity and adaptability of the multi-tiered equity market, including the implementation of deeper reforms for the ChiNext board and continued support for the STAR Market [5] - The focus will be on improving refinancing convenience and flexibility, as well as promoting the integrated high-quality development of the Beijing Stock Exchange and the New Third Board [5] - The introduction of differentiated IPO and refinancing conditions for different growth-stage companies is expected to be a significant reform initiative in 2026 [5] Group 3: Strengthening Regulatory Effectiveness - The meeting highlighted the need for stricter enforcement of regulations to enhance the effectiveness and deterrent power of market supervision, including measures against financial fraud and insider trading [7] - There is a push for a legal framework that emphasizes criminal penalties and civil compensation to strengthen deterrence against market misconduct [7] - The integration of administrative and criminal mechanisms is seen as crucial for maintaining market integrity and investor confidence [7] Group 4: Promoting Corporate Value Growth and Governance - The meeting called for efforts to enhance the operational standards of listed companies and to accelerate the introduction of new regulatory guidelines for corporate governance [8] - Measures to stimulate the merger and acquisition market and improve the regulatory framework for restructuring are also prioritized to support high-quality corporate development [8] - The increase in significant asset restructuring activities in 2025 indicates a growing trend in corporate governance through mergers and acquisitions [8] Group 5: Advancing Capital Market Openness - The meeting stressed the importance of advancing the two-way opening of the capital market to a deeper and higher level, including optimizing the Qualified Foreign Institutional Investor (QFII) scheme [9] - Efforts will be made to expand the range of futures products available for foreign investment and enhance cross-border investment convenience [9] - The regulatory body aims to improve the regulatory framework for overseas listings, enhancing transparency and standardization [9]

Core Viewpoint - The article emphasizes the need for innovative reform paths to promote high-quality development in China's capital markets, focusing on multi-level market construction, improving the quality of listed companies, opening up to foreign investment, and protecting investors [3][4]. Group 1: Reform Directions - The core content revolves around four major reform directions: enhancing the inclusiveness of multi-level markets, solidifying the foundation for market stability, expanding high-level institutional openness, and strengthening investor protection [3][4]. Group 2: Establishment of the Capital Market Society - The China Capital Market Society was registered on June 16, 2025, under the Ministry of Civil Affairs, supervised by the China Securities Regulatory Commission, and aims to serve as a high-end think tank for theoretical research, academic exchange, and decision-making consultation in the capital market [3][4]. Group 3: Thematic Focus of Tsinghua Financial Review - The Tsinghua Financial Review plans to explore topics such as the support of capital markets for new productive forces, mechanisms for stabilizing the secondary market, capital market openness, and innovations in the bond market, aiming to find effective paths for capital market reform and innovation [4][5]. Group 4: Call for Contributions - The article outlines 13 specific topics for contributions, including enhancing the inherent stability of capital markets, the role of long-term funds in market stability, effective foreign market openness, and the innovation directions for the bond market [5].

中国证监会召开2026年系统工作会议，会议强调，坚持做强主场，推动资本市场双向开放迈向更深层 次、更高水平。抓紧推动合格境外投资者优化方案落地，扩大期货特定品种开放范围，提升跨境投融资 便利性。完善境外上市法规制度，提升备案管理规范化、标准化和透明度。增强开放环境下监管和风险 防范能力，积极参与国际金融治理。（证监会） 责任编辑：凌辰 中国证监会召开2026年系统工作会议，会议强调，坚持做强主场，推动资本市场双向开放迈向更深层 次、更高水平。抓紧推动合格境外投资者优化方案落地，扩大期货特定品种开放范围，提升跨境投融资 便利性。完善境外上市法规制度，提升备案管理规范化、标准化和透明度。增强开放环境下监管和风险 防范能力，积极参与国际金融治理。（证监会） 责任编辑：凌辰 ...