According to the website of the China Securities Regulatory Commission (CSRC), in order to thoroughly implement the spirit of the Third Plenary Session of the 20th Central Committee of the Party and the Central Political Bureau meeting on the 1st of the month, Wu Qing, Secretary of the Party Committee and Chairman of the CSRC, recently held two industry institution forums in Shanghai. He engaged in in-depth exchanges with representatives from securities companies, public funds, and private funds, fully listening to their opinions and suggestions. Qiu Yong, Secretary of the Party Committee and Chairman of the Board of Directors of the Shanghai Stock Exchange, participated in the discussions.

During the discussion, it was universally agreed that since the beginning of this year, with the introduction of the new "National Nine-Point Plan" and the gradual implementation of the capital market "+" policy framework, particularly the positive effects of China's recent package of incremental policies are continuously emerging, expectations and confidence among all parties have significantly increased, the capital market has shown signs of warming and improving, and has demonstrated strong resilience. As fiscal and monetary financial policies further enhance their counter-cyclical adjustment efforts, the macroeconomy is expected to continue its recovery and improvement, providing a solid foundation and conditions for maintaining the stable and healthy development of the capital market.

At the same time, the participants focused on further implementing the capital market "+" policy system and institutional rules, comprehensively deepening capital market reforms, coordinating the use of capital market tools such as equity and debt financing, mergers and acquisitions, enhancing the comprehensive service capabilities of the multi-level capital market system, strengthening the three-dimensional accountability mechanism in the capital market, and regulating the order of information dissemination in the capital market, putting forward specific suggestions.

Wu Qing emphasized that securities and fund institutions are important intermediary and professional service organizations in the capital market, playing a significant role in further comprehensively deepening the reform of the capital market, optimizing resource allocation, promoting the growth and development of enterprises, and serving the modernization process of China. It is essential to deeply understand the important arrangements and requirements for the capital market made by the Third Plenary Session of the 20th Central Committee of the Party, further strengthen confidence, persist in doing one's own work well, and better play the key role of connecting all participants in the capital market; accelerate the enhancement of professional capabilities in investment banking, investment, and investment research, cultivate core competitiveness, effectively serve the needs of investment and financing, and promote better market functions; improve internal control and governance levels, fulfill the responsibility of compliance oversight, strengthen risk control over innovative products, and assist in the stable operation of the market; handle the relationship between functionality and profitability, improve the investor protection mechanism, and enhance investor services; align with the requirements of "five musts and five must nots," jointly shape a good industry culture; look beyond the industry to the overall situation, more actively participate in further comprehensive deepening of capital market reforms, proactively provide suggestions, ensure the implementation of systems, and jointly ensure that the reforms achieve expected results.

Leaders from relevant departments and units of the China Securities Regulatory Commission attended the symposium.