Core Insights - The establishment of the Academic Committee of the China Capital Market Society marks a significant advancement in the theoretical research and intellectual support for the high-quality development of the capital market [1][3][11] Group 1: Formation and Structure - The Academic Committee consists of 29 authoritative experts from various fields related to capital market research, with a clear structure including one chairperson and four vice-chairpersons, serving a term of four years [2][4] - The committee is designed to enhance academic research, promote exchanges, encourage innovation, and uphold academic ethics, functioning as both a think tank and a policy advisory body [2][3] Group 2: Objectives and Focus Areas - The committee aims to develop a theoretical framework that aligns with market principles and China's realities, focusing on key issues such as market inclusivity, pricing efficiency, financial technology, and legal construction [3][8] - The committee's mission includes producing high-quality research outcomes that are closely integrated with practical applications in capital market reforms and developments [3][11] Group 3: Expert Composition and Diversity - The committee's composition reflects a blend of authority, professionalism, and diversity, featuring experts from government research institutions, universities, international investment banks, and market practitioners [4][5][6] - This diverse background allows the committee to examine capital market issues from multiple perspectives, ensuring a comprehensive approach to research [5][6] Group 4: Strategic Recommendations for Development - During the meeting, experts provided forward-looking suggestions for the "14th Five-Year Plan" of the capital market, emphasizing the need for improved inclusivity in listing and trading systems, and the attraction of high-quality enterprises from new productive sectors [7][8] - Recommendations also included enhancing the supply of patient, long-term, and strategic capital, and strengthening investor protection and education [7][8] Group 5: Future Directions and Publications - The establishment of the Academic Committee and the upcoming launch of the official journal "Capital Market Research" signify a move towards a more systematic and professional theoretical support system for China's capital market [9][11] - This journal aims to connect academia, regulatory bodies, and practitioners, facilitating cutting-edge research on significant theoretical and policy issues in the capital market [10][11]

Core Viewpoint - The establishment of the Academic Committee of the China Capital Market Society marks a significant advancement in the theoretical research and intellectual support for the high-quality development of China's capital market, with 29 authoritative experts forming a "super think tank" [1][3][14]. Group 1: Establishment and Purpose - The Academic Committee was officially established on December 18, 2023, and is composed of 29 experts from various fields related to capital market research [3][15]. - The committee aims to enhance academic research, promote academic exchange, encourage innovation, and uphold academic ethics, serving as a think tank for theoretical research and a consultant for policy-making [3][15][18]. - The committee's formation is seen as a crucial step in transitioning capital market theory from fragmentation to a more systematic and professional approach [1][14]. Group 2: Leadership and Structure - Li Yang, a prominent figure in financial theory and policy research, has been appointed as the chair of the Academic Committee, with four vice chairs from academic institutions, highlighting the committee's academic independence [18][19]. - The committee's members come from diverse backgrounds, including government research institutions, universities, international investment banks, and market practitioners, ensuring a rich blend of theoretical and practical insights [19][20]. Group 3: Focus on the 14th and 15th Five-Year Plans - During the meeting, experts discussed the "14th Five-Year Plan" and provided constructive suggestions for the "15th Five-Year Plan," emphasizing the importance of enhancing the capital market's quality and functionality [21][22]. - Key recommendations included improving the inclusiveness and adaptability of listing and trading systems, expanding patient and long-term capital supply, and strengthening investor protection [21][22]. Group 4: Future Developments - The China Capital Market Society plans to launch an official academic journal titled "Capital Market Research," which will serve as a platform for cutting-edge research on significant theoretical and policy issues in the capital market [24]. - The establishment of the Academic Committee and the journal signifies a move towards a more systematic, professional, and international approach to capital market theory, enhancing China's influence in global financial governance [24].

Core Viewpoint - The establishment of the Academic Committee of the China Capital Market Society marks a significant advancement in the theoretical research and intellectual support for the high-quality development of China's capital market, with 29 authoritative experts forming a "super think tank" [2][3][6]. Group 1: Establishment and Purpose - The Academic Committee was officially established on December 18, 2023, during a meeting attended by key figures from the China Securities Regulatory Commission (CSRC) and various academic and market institutions [5][6]. - The committee aims to strengthen academic research, promote academic exchange, encourage innovation, and uphold academic ethics, transitioning capital market theory from fragmentation to a more systematic and professional approach [3][6]. Group 2: Composition and Structure - The committee consists of 29 experts, including a chairman and four vice-chairmen, with a term of four years, reflecting a diverse and authoritative structure [6][9]. - The members come from various backgrounds, including government research institutions, universities, international investment banks, and market practitioners, ensuring a comprehensive perspective on capital market issues [10][11]. Group 3: Focus on "14th Five-Year Plan" and Recommendations - During the meeting, experts discussed the "14th Five-Year Plan" for the capital market, emphasizing the importance of enhancing the market's quality and functionality in the upcoming "15th Five-Year Plan" [13][14]. - Key recommendations included improving the inclusiveness and adaptability of listing and trading systems, expanding patient and long-term capital supply, and enhancing the application of artificial intelligence in market governance [13][14]. Group 4: Future Developments and Publications - The China Capital Market Society plans to launch an official academic journal titled "Capital Market Research," which will serve as a top-tier publication in the field, connecting academia, regulatory bodies, and practitioners [17]. - The establishment of the Academic Committee and the journal signifies a move towards a more systematic, professional, and international approach to capital market theory research, enhancing China's influence in global financial governance [17].

Core Viewpoint - The establishment of the Academic Committee of the China Capital Market Society marks a significant advancement in the theoretical research and intellectual support for the high-quality development of China's capital market, with 29 authoritative experts forming a "super think tank" [1][5]. Group 1: Establishment and Structure - The Academic Committee was officially established on December 18, 2023, and consists of 29 experts from various fields, including government, academia, and international finance [3][4]. - The committee aims to enhance academic research, promote exchanges, encourage innovation, and uphold academic ethics, transitioning capital market theory from fragmentation to a more systematic and professional approach [2][3]. Group 2: Leadership and Composition - Li Yang, a prominent figure in financial theory and policy research, serves as the chair of the committee, with four vice chairs from academic institutions, emphasizing the committee's academic professionalism and independence [7]. - The committee's diverse membership includes experts from government research institutions, top universities, international financial institutions, and market practitioners, ensuring a comprehensive perspective on capital market issues [8][9]. Group 3: Objectives and Focus Areas - The committee's mission includes producing high-quality research that closely integrates theory with practice, addressing key issues such as market inclusivity, pricing efficiency, financial technology, and legal construction [4][10]. - The committee will also focus on the "14th Five-Year Plan" and provide strategic recommendations for the "15th Five-Year Plan," emphasizing the importance of attracting high-quality enterprises and enhancing long-term capital supply [10][12]. Group 4: Future Developments - The China Capital Market Society plans to launch an official academic journal, "Capital Market Research," which will serve as a top-tier publication in the field, connecting academia, regulatory bodies, and practitioners [15]. - The establishment of the Academic Committee and the journal signifies a move towards a more systematic, professional, and internationalized theoretical support system for China's capital market, enhancing its influence in global financial governance [15].

Group 1 - The China Capital Market Society has established a clear structure for its Microstructure Professional Committee, led by Liu Qiao from Peking University's Guanghua School of Management, with Zeng Yuqun from CATL and Wang Qing from Shanghai Chongyang Investment Management as deputy chairs [1] - The main responsibilities of the Microstructure Professional Committee include researching investor structure and behavior, improving trading mechanisms, enhancing trading supervision, optimizing listed companies' market value management, and refining the price formation mechanism in the capital market to improve pricing efficiency [1] - Chongyang Investment, founded in 2009, is the only private securities management member of the China Capital Market Society, positioning itself as a leading subjective private equity firm in the market [1] Group 2 - The China Capital Market Society is aimed at creating a high-end think tank platform for theoretical research, academic exchange, and decision-making consultation in the capital market, uniting various industry institutions, listed companies, universities, research institutes, and government departments for research and communication on significant strategic and foundational topics [1] - The society's council is chaired by the Chairman of the China Securities Regulatory Commission, Wu Qing, with the Vice Chairman being Li Chao, the Vice Chairman of the CSRC [2] - The society's inaugural meeting established its organizational structure and announced the launch of the official academic journal "Capital Market Research," along with seven specialized committees covering various research areas, including macro and industry, market stability and risk prevention, innovative development, microstructure, futures and derivatives, international markets and openness, and legal protection for investors [2]

Group 1 - The establishment of the China Capital Market Society marks the creation of an official think tank and advisory group for the Chinese capital market [2][3] - The society aims to enhance academic research and provide recommendations for national capital market decision-making, focusing on the essence of China's capital market [6][8] - The society will serve as a national, non-profit organization that brings together resources from various sectors, including financial institutions, universities, and regulatory bodies [6][7] Group 2 - Direct financing has surpassed 100 trillion RMB, accounting for over 30% of social financing as of 2022, highlighting the increasing importance of capital markets in national economic development [5] - The society will establish a new academic journal titled "Capital Market Research" to address the lack of high-standard publications in the capital market field [8][9] - The chairman of the China Securities Regulatory Commission emphasized the importance of maintaining financial stability and security within the capital market [9]

Core Viewpoint - The establishment of the China Capital Market Society aims to create a high-end think tank platform for theoretical research, academic exchange, and decision-making consultation in the capital market [2] Group 1: Establishment and Leadership - The founding conference of the China Capital Market Society was held on July 26, with key figures such as the Chairman of the China Securities Regulatory Commission (CSRC) Wu Qing taking leadership roles [1] - The society includes prominent scholars, financial institution leaders, and representatives from listed companies as its first members [1] Group 2: Professional Committees - The society has set up several professional committees to focus on core aspects of the capital market, including: 1. Macroeconomics and Industry Committee 2. Market Stability and Risk Prevention Committee 3. Innovation Development Committee 4. Market Microstructure Committee 5. Futures and Derivatives Committee 6. International Market and Opening-up Committee 7. Legal and Investor Protection Committee [3] - An official academic journal titled "Capital Market Research" will be launched by the society [2] Group 3: Goals and Objectives - The society aims to unite various research forces from industry institutions, listed companies, universities, and government departments to conduct research and promote significant topics in the capital market [2] - The CSRC, along with the Ministry of Civil Affairs and other parties, will work together to enhance the society's role in understanding financial development characteristics, fostering international cooperation, and promoting high-quality development of the capital market [2]

Core Viewpoint - The establishment of the China Capital Market Society marks a significant step in enhancing the research and development of China's capital market, providing a platform for collaboration between domestic and international financial institutions and academia [2][20]. Group 1: Organizational Structure - The president of the council is the chairman of the China Securities Regulatory Commission (CSRC), Wu Qing, indicating strong governmental support [4][9]. - The executive vice president is Li Chao, the vice chairman of the CSRC, further emphasizing the importance of the organization [4][9]. - The council members consist of renowned scholars, top executives from financial institutions, chairpersons of listed companies, and representatives from relevant regulatory bodies [10][11]. Group 2: Specialized Committees - The society will establish at least seven specialized committees focusing on various research areas: macro and industrial studies, market stability and risk prevention, innovative development, market microstructure, futures and derivatives, international markets and openness, and legal frameworks and investor protection [5][12][13]. Group 3: Academic Journal - An official academic journal titled "Capital Market Research" will be launched, aimed at becoming a top-tier publication in the field of capital market studies [6][15]. - The journal will serve as a platform for connecting academia, regulatory bodies, and practitioners, addressing significant theoretical and policy issues in the capital market [15]. Group 4: Goals and Significance - The society aims to gather social resources to strengthen research on capital market theories and policies with a focus on high-quality development [17]. - It will promote policy advocacy, investor education, and improve capital market expectation management through various initiatives, including a digital platform and annual academic conferences [17][21]. - The choice of Shanghai as the location leverages its status as an international financial center, facilitating better understanding and research of capital market operations [20][21].

Core Viewpoint - The establishment of the China Capital Market Society marks the creation of an official think tank and advisory group for the Chinese capital market [1] Group 1: Membership and Leadership - The society is led by prominent figures, with the Chairman of the China Securities Regulatory Commission (CSRC), Wu Qing, serving as the President of the Council, indicating strong governmental support [2] - The executive vice presidents include significant personalities such as Li Chao, the Vice Chairman of the CSRC [3] - Wei Gang, the Deputy Director of the China Securities Financial Research Institute, is appointed as the legal representative of the society [4] Group 2: Membership Composition - The society boasts a "star-studded" membership, including: 1. Renowned scholars and theoretical experts from top domestic and international universities 2. Chairpersons and general managers from leading financial institutions in securities, funds, and futures 3. Chairpersons of listed companies 4. Representatives from relevant regulatory bodies [5] Group 3: Core Areas of Focus - The society has established several specialized committees targeting critical areas of the capital market, including: 1. Macroeconomics and Industry Committee 2. Market Stability and Risk Prevention Committee 3. Innovation Development Committee 4. Market Microstructure Committee 5. Futures and Derivatives Committee 6. International Market and Opening-up Committee 7. Legal System and Investor Protection Committee [6] Group 4: Research and Publications - The society will launch an official academic journal titled "Capital Market Research," which will serve as a top-tier publication in the field of China's capital markets [7][8]

Core Insights - The establishment of the China Capital Market Society marks the creation of an official think tank for the capital market, aimed at enhancing research and policy development in the sector [2][12] Group 1: Organizational Structure - The society's council is led by the Chairman of the China Securities Regulatory Commission (CSRC), Wu Qing, indicating strong governmental support [4][8] - The council includes prominent scholars, industry leaders, and representatives from regulatory bodies, ensuring a diverse range of expertise [8] Group 2: Specialized Committees - The society will have at least seven specialized committees focusing on various research areas, including macroeconomics, market stability, innovation, and investor protection [5][9] Group 3: Academic Publication - An official academic journal titled "Capital Market Research" will be launched, aimed at becoming a leading publication in the field and facilitating connections between academia, regulatory bodies, and industry practitioners [6][11] Group 4: Objectives and Significance - The society aims to strengthen domestic research on capital markets and provide a platform for international collaboration, enhancing the global understanding of China's capital market [12][14] - Shanghai was chosen as the location due to its status as an international financial center, which offers a comprehensive financial market system and a rich talent pool [13][14] Group 5: Enhancing Influence - The society plans to expand its influence by collaborating with various stakeholders, including exchanges, financial institutions, and government departments, while also focusing on international engagement [15]