news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

CCTV News:The Third Plenary Session of the 20th CPC Central Committee deployed further deepening of capital market reform and made arrangements such as "improving the function of the capital market in coordinating investment and financing" and "establishing a long-term mechanism to enhance the inherent stability of the capital market."

The investment function and the financing function are two sides of the same coin of the capital market, and they complement each other. Future capital market reforms also need to pay more attention to the balance between investment and financing.

The plenary session proposed to improve the function of the capital market that coordinates investment and financing, prevent risks, strengthen supervision, and promote the healthy and stable development of the capital market. Support the entry of long-term funds into the market. Improve the quality of listed companies, strengthen the supervision and delisting system of listed companies. Establish a long-term mechanism to enhance the inherent stability of the capital market. Improve the behavioral norms and constraints of major shareholders and actual controllers. Improve the incentive and constraint mechanism for listed companies' dividends. Improve the investor protection mechanism.

The capital market is a vital part of the financial operation. At present, my country's capital market has reached a stage of accelerating the transformation to high-quality development. As of the end of June 2024, there were 5,374 listed companies on the three stock exchanges in Shanghai, Shenzhen and Beijing, with a total market value of approximately 73.6 trillion yuan. Among the newly listed companies, more than 70% are technological innovation companies, and the market value of listed companies in the high-tech industry accounts for more than 40%.