Stock and bond market cooperation reform to enhance the quality and efficiency of high-quality development services.

"Enhancing the inclusiveness and adaptability of the multi-level equity market" "Promoting the improvement, adjustment, and expansion of the bond market" "Steadily promoting the high-quality development of the futures market"... The series of deployments at the China Securities Regulatory Commission's 2026 systematic work conference has set a clear path for deepening reforms in the capital market in the new year. Market participants believe that the conference, focusing on the core of "continuously improving the quality and efficiency of high-quality development services," is aimed at enhancing the service capabilities of the stock market, bond market, and futures market, deploying key reforms in critical areas. This signifies that under the requirements of serving national strategies and the real economy, capital market reforms are advancing in a more profound and broader systematic manner, continuously improving the quality and efficiency of services for the high-quality development of the economy through the coordinated development and institutional innovation of the stock, bond, and futures markets.