Shanghai Securities News: Stable Market Aggregation Force, CSRC Series Symposium Releases Four Major Signals.

From July 20th to 21st, the China Securities Regulatory Commission held a series of symposiums with unusual density and breadth, gathering opinions and suggestions from investors, listed companies, industry institutions, and experts and scholars to promote the stable and healthy development of the capital market. In addition, the Chairman of the China Securities Regulatory Commission, Wu Qing, met with foreign fund companies to exchange views on investing in the Chinese capital market and other topics. Behind this, four major policy signals were released: - Firm determination to stabilize the market and fully maintain stable market operation. The investor symposium conveyed a clear judgment: since the implementation of the new "Nine Articles" in China, the overall development trend of the capital market has been stable and positive. The policy logic, innovation logic, and security logic of the capital market since "9.26" have not changed, and short-term fluctuations do not change the long-term positive trend. - Focusing on the market, emphasizing investor-oriented principles. The most distinctive feature of the series of symposiums is placing "investors" at the core. Wu Qing emphasized that investors are the foundation of the market and the most important participant group in the capital market. - Emphasizing fair trading and cracking down on illegal activities. Maintaining an open, fair, and just market order is an important topic of the series of symposiums. "Regulating quantitative trading and AI applications" and "increasing punishment for market violations" have become the core topics of discussion. - Gathering forces to stabilize the market, coordinating policies to work together. Stabilizing the market not only requires determination but also methods. The series of symposiums brings together the forces of various market participants, and is expected to form a series of feasible policy tools.