Wu Qing: The registration system for stock issuance will be gradually implemented from pilot to nationwide, progressing steadily and in depth.

On September 22, when introducing the achievements in the development of the financial industry during the "14th Five-Year Plan" period, the chairman of the China Securities Regulatory Commission, Wu Qing, stated at the State Council Information Office press conference that the registration-based system for stock issuance has been gradually expanded from pilot to comprehensive implementation, gradually deepening and solidifying. Focusing on serving the development of new productive forces, the CSRC has successively introduced measures such as the "16 measures for sci-tech innovation," the "8 measures for the sci-tech innovation board," and the "6 measures for mergers and acquisitions," making a series of optimizations and improvements in the areas of issuance and listing, mergers and acquisitions, and the smooth operation of fundraising and management withdrawal cycles. In June, the launch of the sci-tech innovation board included measures such as the establishment of the sci-tech growth layer and other reforms under the "1+6" framework. Currently, three unprofitable technology companies have completed registration after the restart of the fifth set of standards for the sci-tech innovation board, and the first application has been accepted for the third set of standards for the Growth Enterprise Market.