CSRC Institutional Investor Symposium: Support more long-term funds entering the market to promote the deeper and more substantial implementation of the stock issuance registration system.

Recently, the Secretary of the Party Committee and Chairman of the China Securities Regulatory Commission (CSRC), Wu Qing, held a special symposium in Beijing with representatives from 10 top institutional investors including the National Social Security Fund, insurance asset management, bank wealth management, and private equity funds, to exchange in-depth views and fully listen to opinions and suggestions. The participating institutions put forward specific suggestions for the next comprehensive deepening of reform in the capital market, including improving incentive mechanisms such as performance, accounting, and tax incentives to encourage long-term investment, supporting more long-term capital entering the market; further improving the basic institutions of the capital market, promoting the deepening and solidification of the stock issuance registration system, enhancing the inclusiveness and accuracy of the system, attracting more enterprises representing technological innovation and new productive forces to go public; guiding listed companies to increase their dividends and buyback efforts, encouraging listed companies to comprehensively use mergers and acquisitions, restructurings, equity incentives, and other methods to enhance investment value, etc. Original text: CSRC Holds Symposium on Learning and Implementing the spirit of the Third Plenary Session of the Twentieth Central Committee of the Communist Party of China, Further Comprehensively Deepening Capital Market Reform To thoroughly study and implement the spirit of the Third Plenary Session of the Twentieth Central Committee of the Communist Party of China, and further comprehensively deepen the reform of the capital market, Wu Qing, Secretary of the Party Committee and Chairman of the CSRC, recently held a special symposium in Beijing with representatives from 10 top institutional investors including the National Social Security Fund, insurance asset management, bank wealth management, and private equity funds to exchange in-depth views and fully listen to opinions and suggestions. Li Chao, member of the Party Committee and Vice Chairman of the CSRC, also attended the symposium. During the symposium, it was unanimously agreed that the Decision of the Third Plenary Session systematically deploys the further comprehensive deepening reform of the capital market, and all sectors of society have high hopes for the greater role of the capital market in promoting the modernization process with Chinese characteristics. The participating institutions expressed that investment and financing are two sides of the same coin of the functions of the capital market, and the coordinated development of the two is of great significance for the long-term healthy development of the capital market. Currently, China's economy is in a critical period of high-quality development. With the continuous increase in demand for asset allocation, wealth management, and pension investment by residents, the demand for long-term funds to increase equity investment is also growing. At the same time, the participating institutions put forward specific suggestions for the next comprehensive deepening reform of the capital market, including improving incentive mechanisms such as performance, accounting, and tax incentives to encourage long-term investment, supporting more long-term capital entering the market; further improving the basic institutions of the capital market, promoting the deepening and solidification of the stock issuance registration system, enhancing the inclusiveness and accuracy of the system, attracting more enterprises representing technological innovation and new productive forces to go public; guiding listed companies to increase their dividends and buyback efforts, encouraging listed companies to comprehensively use mergers and acquisitions, restructurings, equity incentives, etc. Wu Qing emphasized that studying and implementing the spirit of the Third Plenary Session of the Twentieth Central Committee of the Communist Party of China is an important political task for the CSRC system at present and in the future. The CSRC will thoroughly implement the relevant deployments of the Third Plenary Session, continuously promote the landing and effectiveness of the new "Nine Articles" and the "1+N" policies of the capital market, promote stability through reform, forestall risks, promote high-quality development, prudently advance the optimization and improvement of key systems such as issuance, listing, trading, and delisting, promote the establishment of a policy system of "long money, long investment", improve the coordinated functions of investment and financing in the capital market, better serve the construction of modernization with Chinese characteristics. Wu Qing pointed out that in recent years, the team of institutional investors in the capital market has continued to grow and strengthen, and their trading ratio has significantly increased. They have gradually become a benchmark force for rational investment, value investment, and long-term investment, playing an important role in promoting the healthy and stable development of the capital market. It is hoped that institutional investors will continue to be firm in their confidence, maintain their determination, adhere to long-termism and professionalism, continuously improve their professional research capabilities, better play a demonstrative and leading role, continuously strengthen the buying force, help investors achieve reasonable returns, enhance investors' confidence and trust, and become a "stabilizer" of market operation and a "booster" of economic development. Relevant leaders of the CSRC attended the symposium. This article is selected from the WeChat public account "CSRC Releases". Editor of GMTEight: Xu Wenqiang.