2024.10.20

According to the China Securities Regulatory Commission, in order to thoroughly implement the spirit of the Third Plenary Session of the 20th Central Committee of the Party and the meeting of the Political Bureau of the Central Committee on a certain date, Wu Qing, Secretary of the Party Committee and Chairman of the China Securities Regulatory Commission, recently convened a thematic symposium on further comprehensively deepening the reform of the capital market in Beijing. The meeting engaged in in-depth exchanges with experts, scholars, and representatives of financial media leaders, and fully listened to opinions and suggestions.

During the discussion, it was universally agreed that since the Politburo meeting of the Central Committee on the designated date, a series of targeted incremental policies have been successively implemented, sending positive signals of intensified efforts to drive sustained economic recovery and improvement. These measures have effectively boosted investor confidence and market activity in the capital market, and the enhancement of stock market vitality will also promote the release of the positive feedback effect of "financial vitality leading to economic vitality."

It is widely believed that we should cherish and nurture the current positive momentum, further invigorate market vitality through comprehensive deepening of capital market reforms, and stabilize expectations and strengthen confidence through tangible achievements and practical results of reforms.

Meanwhile, the participants at the meeting put forward specific suggestions for the next stage of comprehensive and deepened reforms in the capital market. These include further enhancing the institutional inclusiveness, adaptability, and precision of the capital market, breaking through the "last mile" of institutional implementation, and promoting the listing, mergers and acquisitions, and other cases of more high-quality technology enterprises; coordinating the reforms on both the financing and investment sides to gradually achieve normalization, actively cultivating patient capital, and vigorously guiding long-term funds into the market; comprehensively implementing measures to boost the capital market, adhering to deepening reforms on the rule of law, further improving the basic systems of the capital market, improving and optimizing expectation management, strengthening investor education and services, and guiding rational investment, value investment, and long-term investment; and so on.

Wu Qing emphasized that the world is currently undergoing a great transformation unseen in a century, and our country is at a critical juncture in its journey towards Chinese-style modernization, with the capital market also at a crucial stage of transitioning to high-quality development. He hoped that experts, scholars, and financial media would actively practice the requirements of political, people-oriented, and professional standards, proactively promote the spirit of the 20th CPC Central Committee's Third Plenary Session, interpret the spirit of the Political Bureau of the CPC Central Committee's meetings and a package of policy measures, and objectively and rationally tell the stories of China's economy and its capital market, transmitting confidence and positive energy.

Welcome experts, scholars, media reporters to timely reflect market voices, offer suggestions, and conduct oversight to the CSRC, working together to further comprehensively deepen the reform of the capital market and achieve high-quality development.