CSRC: The long-term underlying logic of the capital market moving towards improvement will become more stable.

The Chairman of the China Securities Regulatory Commission (CSRC) Wu Qing stated at the International Financial Leaders Investment Summit on November 19 that the CSRC will adhere to seeking benefits and avoiding harm, emphasize fair and regulated development, and timely improve relevant system rules and regulatory measures related to share reduction, quantitative trading, securities lending, etc. CSRC: Since the release of the "Six Measures for Mergers and Acquisitions," more than 260 companies have disclosed asset restructuring matters. Wu Qing stated that the capital market prominently supports the development of new productive forces. Since the beginning of this year, the CSRC has successively introduced relevant policies and system arrangements such as the "Sixteen Measures for Innovation and Technology," "Eight Measures for the Science and Technology Innovation Board," and the "Six Measures for Mergers and Acquisitions." Currently, the number of listed companies in strategic emerging industries approaches 2,700. Since the release of the "Six Measures for Mergers and Acquisitions," more than 260 companies have disclosed asset restructuring matters. CSRC: Focus on improving the coordinated functions of investment and financing in the capital market. Wu Qing stated that the CSRC will deepen the implementation of the decisions made at the Third Plenary Session of the Twentieth Central Committee of the Communist Party of China, adhere to promoting development and stability through reform, focus on improving the coordinated functions of investment and financing in the capital market, accelerate the formation of a multi-level market system that supports technological innovation, a policy system that supports long-term investment, strengthen regulation, prevent risks, and enhance the effectiveness of investor protection through various measures, continuously enhance the attractiveness, competitiveness, and internal stability of the market. CSRC: Expand the scope of the Shanghai-Shenzhen-Hong Kong Stock Connect to attract global long-term funds. Wu Qing stated that the CSRC will aim for a high-level institution-based opening, coordinate development and security, deepen the two-way opening of the capital market, and further facilitate cross-border investment. First, we will further maintain smooth channels for overseas financing, improve the efficiency of overseas IPO filings, actively support qualified domestic enterprises to list overseas, and better utilize the resources of the two markets. Second, continue to expand interconnection with overseas markets, expand the scope of the Shanghai-Shenzhen-Hong Kong Stock Connect, expand the scope of depositary receipt interconnection, and attract global long-term funds. Third, deepen the opening of the bond market to foreign investors, steadily expand the opening of commodity and financial futures markets to foreign investors, better meet the diversified investment choices and risk management needs of international investors. Fourth, deepen cross-border supervision and law enforcement cooperation in securities and futures, continue to enhance communication with international investors, effectively enhance the stability, transparency, and predictability of policies, and continuously improve the convenience for foreign institutions to do business in China. CSRC: Further improve the efficiency of overseas IPO filings. Wu Qing stated that we will further maintain smooth channels for overseas financing, improve the efficiency of overseas IPO filings, actively support qualified domestic enterprises to list overseas, and better utilize the resources of the two markets. CSRC: Timely improve relevant system rules and regulatory measures for share reduction, quantitative trading, securities lending, etc. Wu Qing stated that the CSRC will adhere to seeking benefits and avoiding harm, emphasize fair and regulated development, and timely improve relevant system rules and regulatory measures for share reduction, quantitative trading, securities lending, etc. CSRC: The underlying logic of the capital market's long-term improvement will be more solid. Wu Qing stated that with a series of incremental policy measures gradually implemented, further improvements in institutional reforms, and the comprehensive deepening of reforms in the capital market, the underlying logic of the capital market's long-term improvement will be more solid and better serve the overall development of China's modernization. CSRC: The scale of equity ETFs has successively exceeded 2 trillion yuan and 3 trillion yuan this year. Wu Qing stated that the CSRC is steadily promoting the reform of fees in the public fund industry, vigorously developing equity funds, especially index-based investments. The scale of equity ETFs has successively exceeded 2 trillion yuan and 3 trillion yuan this year, showing very good momentum. CSRC: As of the end of October, A-share listed companies have announced cash dividends totaling 644.1 billion yuan, reaching a new historical high. Wu Qing stated that as of the end of October, A-share listed companies have announced cash dividends totaling 644.1 billion yuan, and there have been 1,360 newly disclosed share repurchase plans, both in terms of quantity and amount reaching new historical highs. This article is reprinted from "Finance Association". GMTEight Editor: Jiang Yuanhua.