CSRC Holds Symposium: Develop and Strengthen Patient Capital, Promote Greater Dividend and Buyback Efforts, Optimize the Issuance and Listing System

On October 10, Wu Qing, Secretary of the Party Committee and Chairman of the China Securities Regulatory Commission (CSRC), held a symposium in Beijing, engaging in in-depth exchanges with heads of some listed companies and experts from securities and fund institutions to fully solicit opinions and suggestions on the current capital market and financial situation. At the symposium, participants unanimously agreed that China's macroeconomy is stable and improving, the transformation and upgrading of the industrial structure continues to deepen, the capital market is operating generally steadily, and the functions of the multi-tiered market are effectively utilized. Although facing some risks and challenges, the trend of high-quality development will not change, and there is full confidence in economic operation and the capital market. At the same time, the attending experts put forward specific suggestions for better promoting the stable and healthy development of the capital market, mainly including: continuously strengthening the construction of market stabilization mechanisms, further broadening medium- and long-term funding sources, channels, and entry methods, and developing and strengthening patient capital; promoting qualified listed companies to increase dividend and buyback efforts, and improving investor return and rights protection mechanisms; optimizing the issuance and listing system to support the growth and expansion of high-quality enterprises of different types, industries, and diversity; strengthening transaction regulation and enhancing cross-border risk monitoring and response; researching and reserving more incremental policy tools; and so on. Wu Qing stated that listed companies and industry institutions are important entities in the market, and he hopes everyone will actively offer suggestions and jointly build the capital market well, better repay the vast number of investors, and actively contribute to the advancement of Chinese-style modernization. Responsible comrades from relevant departments and bureaus of the CSRC attended the symposium. This article is excerpted from the "CSRC", edited by GMTEight: Zhang Jinliang.