Wu Qing: Enhance the adaptability of the multi-level market system and improve the institutional arrangements for issuance, listing, mergers and acquisitions.

On September 22, when introducing the achievements of the development of the financial industry during the "14th Five-Year Plan" period, Wu Qing, chairman of the China Securities Regulatory Commission, stated at a press conference at the State Council Information Office that it is necessary to enhance the adaptability of the multi-level market system. With the reform of the Science and Technology Innovation Board and the Growth Enterprise Market (GEM) as the key focus, further improve the system arrangements for issuing and listing, mergers and acquisitions, and provide greater support for innovation in order to better support high-quality enterprises in different industries, types, and stages to grow and thrive through the capital market, it is necessary to further enhance the inclusiveness of the system.