CSRC Vice Chairman Li Ming: Resolutely prevent market volatility and rapid fluctuations.

Li Ming, Vice Chairman of the China Securities Regulatory Commission, stated that on the investment side, efforts will be made to continuously improve the market ecology for long-term investment, accelerate the implementation of plans to attract medium and long-term funds into the market, continuously expand the scale and proportion of equity investments by social security, insurance, and pension funds, deepen reforms in public funds, enrich index products tailored for long-term investments, and better leverage the stability and ballast effect of medium and long-term funds. In addition, efforts will be made to strengthen strategic reserves and market stability mechanisms, enhance the intrinsic stability of the capital market, and decisively prevent sharp fluctuations in the market.