"Involving the capital market, Wu Qing's latest statement"

The 2026 Shanghai Lujiazui Finance & Trade Zone Development Forum opened this morning, with Wu Qing, Chairman of the China Securities Regulatory Commission, delivering a keynote speech on "Further improving the coordinated functions of capital markets in investment and financing to better serve new quality production forces and high-quality economic development." Wu Qing: Since the issuance of the new "National Nine Articles," social security, insurance, and other entities have net purchased A-shares totaling 1.3 trillion yuan. Wu Qing stated that since the issuance of the new "National Nine Articles" over two years ago, the market value of A-shares held by social security, insurance, and other entities has increased by 85%, with a net purchase of A-shares totaling 1.3 trillion yuan. Wu Qing: Crack down on illegal activities such as trading on the basis of technology, speculating on concepts, and manipulating the market, as well as insider trading. Wu Qing stated that efforts are being made to continuously enhance regulatory efficiency and adaptability. Improvements in market access, continuous supervision, and exit mechanisms are being implemented. Strict measures are being taken against illegal activities such as trading on the basis of technology, speculating on concepts, manipulating the market, and insider trading. Wu Qing: Accelerate the cultivation of patient capital, guide pension funds, insurance funds, and other entities to increase their equity investment efforts. Wu Qing stated that efforts are being made to accelerate the cultivation of patient capital, actively broaden sources of funding, support the complementary advantages of state-owned funds and social capital, guide pension funds, insurance funds, and other entities to increase their equity investment efforts, and promote further smooth operation of the "raising funds, managing funds, withdrawing funds" cycle. Wu Qing: Over the past two years, the scale of dividends and repurchases by A-share companies has reached three times that of equity financing in the same period. Wu Qing stated that over the past two years, the scale of dividends and repurchases by A-share companies has reached three times that of equity financing in the same period. Wu Qing: Collaborate with the People's Bank of China to study and promote the pilot of RMB foreign exchange futures. Wu Qing stated that efforts are being made to enhance the attractiveness and competitiveness of the open system. Collaboration with the People's Bank of China to study and promote the pilot of RMB foreign exchange futures. Wu Qing: Support the launch of active ETFs on the Shanghai and Shenzhen Stock Exchanges. Wu Qing stated that efforts are being made to further enrich investment products and tools. This includes supporting the launch of active ETFs on the Shanghai and Shenzhen Stock Exchanges, implementing a pilot of commercial real estate REITs, with the first batch of 4 projects set to be listed on the Shanghai Stock Exchange on the 18th, and introducing a package of measures to support the standardized and healthy development of small and medium-sized fund companies by adhering to classified supervision, emphasizing characteristics, providing appropriate advantages in product layout, business access, and supporting the differentiated development of small and medium-sized fund companies. Wu Qing: Strongly support mergers and acquisitions and refinancing of listed companies, support eligible Hong Kong-listed companies to list domestically. Wu Qing stated that strong support is being provided for mergers and acquisitions and refinancing of listed companies. Efforts are being made to stimulate the vitality of mergers and acquisitions, deepen refinancing reforms, and support eligible Hong Kong-listed companies to list domestically. Wu Qing: Currently, the market value of the technology sector in A-shares accounts for over 30%. Wu Qing stated that currently, the market value of the technology sector in A-shares accounts for over 30%. Among listed companies with market values exceeding one trillion, technology companies account for 45%. Wu Qing: Expand the applicability of the fifth set of standards to the field of artificial intelligence. Wu Qing stated that efforts are being made to expand the applicability of the fifth set of standards to the field of artificial intelligence. Efforts are being made to further deepen the reform of the ChiNext, increase support for new consumption and modern service industries, and better serve the development of growth-oriented innovative enterprises. Wu Qing: China's capital market has undergone significant risk tests, with resilience and risk resistance continuously improving. Wu Qing stated that China's capital market has undergone positive and profound changes. It has withstood significant risk tests, with resilience and risk resistance continuously improving. Currently, global financial assets are undergoing a deep rebalancing and allocation process, and the safe value, resilience value, and innovative value of Chinese assets are gaining wide attention and favor among international investors. Wu Qing: Continuously enhance the inclusiveness and adaptability of the capital market system. Wu Qing stated that efforts are being made to actively embrace a new round of technological and industrial revolutions and continuously enhance the inclusiveness and adaptability of the capital market system. Wu Qing: Speed up the revision of rules and regulations such as the "Regulations on the Administration of Securities Issuance and Registration." Wu Qing stated that efforts are being made to expedite the revision of rules and regulations such as the "Regulations on the Administration of Securities Issuance and Registration." Wu Qing: Timely release guidance on the development of artificial intelligence in the capital market. Wu Qing stated that guidance on the development of artificial intelligence in the capital market would be released at an appropriate time. Wu Qing: Encourage licensed foreign institutions to participate in fund advisory services and expand pilot programs. Wu Qing stated that support would be provided for new wholly-owned or joint venture securities, fund, and futures institutions established by foreign institutions in China and encouraging licensed foreign institutions to participate in fund advisory services and expand pilot programs. Wu Qing: Support legal and compliant cross-border investment and financing activities, crackdown on all types of cross-border illegal activities. Wu Qing stated that efforts are being made to enhance cross-border regulatory cooperation, support legal and compliant cross-border investment and financing activities, and crack down on all types of cross-border illegal activities. Wu Qing: Support Shanghai in building a financial innovation "experimental field" and create the first batch of capital market science and technology finance practice samples. Wu Qing stated that efforts were being made to accelerate the construction of the Shanghai International Financial Center. Enhance the international influence of the "Shanghai price," support Shanghai in building a financial innovation "experimental field," create the first batch of capital market science and technology finance practice samples, and help enhance the soft power of the Shanghai International Financial Center. Wu Qing: Smoothly push for the listing of liquefied natural gas futures and options. Wu Qing stated that efforts were being made to enhance the international influence of the "Shanghai price" and smoothly push for the listing of liquefied natural gas futures and options, as well as support the development of foundational and strategic futures products such as electricity. Wu Qing: Promote major reforms and opening measures in aspects such as equity and bond financing, mergers and acquisitions, institutional development, and offshore finance in Shanghai. Wu Qing stated that support would be provided for Shanghai in building a financial innovation "experimental field" and promoting major reforms and opening measures in aspects such as equity and bond financing, mergers and acquisitions, institutional development, and offshore finance in Shanghai. This article is reprinted from "Cailianshe", GMTEight editor: Liu Jiayin.