Wu Qing: Optimize the classification evaluation mechanism of fund companies and fund sales institutions, and increase the issuance and sales efforts of equity funds.

On May 7th, Wu Qing, the chairman of the China Securities Regulatory Commission, stated at a press conference organized by the State Council Information Office that the "Action Plan to Promote the High-Quality Development of Public Offering Funds" is relatively mature and will be released soon. The plan highlights the promotion of equity funds and will optimize the classification evaluation mechanism for fund companies and fund sales institutions in the next step. It will also increase the distribution of equity funds, actively promote product innovation, continuously enrich index funds that are in line with the country's development orientation, and are more conducive to creating long-term returns for investors.