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According to the website of the China Securities Regulatory Commission on August 25, in order to thoroughly study and implement the spirit of the Third Plenary Session of the 20th CPC Central Committee and further comprehensively deepen the reform of the capital market, Wu Qing, Secretary of the Party Committee and Chairman of the China Securities Regulatory Commission, recently held a special symposium in Beijing to have in-depth exchanges with representatives of 10 leading institutional investors including the National Social Security Fund, Insurance Asset Management, Bank Wealth Management, Private Equity Funds, etc., and fully listened to their opinions and suggestions. Li Chao, member of the Party Committee and Vice Chairman of the Commission, attended the symposium.

During the discussion, everyone agreed that the "Decision" of the Third Plenary Session of the 18th CPC Central Committee made systematic arrangements for further deepening the reform of the capital market, and all sectors of society have high hopes for the capital market to play a greater role in promoting China's modernization. Participants said that investment and financing are two sides of the same coin for the functions of the capital market, and the coordinated development of the two is of great significance to the long-term and healthy development of the capital market. At present, my country's economy is in a critical period of high-quality development. With the continuous increase in demand for residents' asset allocation, wealth management and pension investment, the demand for medium- and long-term funds to increase equity investment is also increasing. At the same time, the participants put forward specific suggestions for the next step of comprehensively deepening the reform of the capital market, including improving the assessment, accounting, taxation and other incentive mechanisms that encourage long-term investment, supporting more long-term funds to enter the market; further improving the basic system of the capital market, promoting the deepening and implementation of the registration system for stock issuance, improving the inclusiveness and precision of the system, and attracting more scientific and technological innovation and new quality productivity representative enterprises to go public; guiding listed companies to increase dividends and repurchases, and encouraging listed companies to use mergers and acquisitions, restructuring, equity incentives and other methods to enhance investment value; and so on.

Wu Qing emphasized that studying and implementing the spirit of the Third Plenary Session of the 20th CPC Central Committee is an important political task for the CSRC system at present and in the future. The CSRC will thoroughly implement the relevant arrangements of the "Decision" of the Third Plenary Session of the 20th CPC Central Committee, continue to promote the implementation of the new "Nine National Policies" and the "1+N" policies of the capital market, promote stability, prevent risks, and promote high-quality development through reform, steadily promote the optimization and improvement of key systems such as issuance, listing, trading, and delisting, promote the construction of a "long-term money and long-term investment" policy system, improve the capital market function of coordinated investment and financing, and better serve China's modernization construction. Wu Qing pointed out that in recent years, the team of institutional investors in the capital market has continued to grow and develop, and the proportion of transactions has increased significantly. It has gradually become a benchmark force for rational investment, value investment, and long-term investment, and has played an important role in promoting the healthy and stable development of the capital market. It is hoped that institutional investors will continue to strengthen their confidence, maintain their determination, adhere to long-termism and professionalism, continuously improve their professional investment and research capabilities, better play a demonstration and leading role, continue to strengthen the buyer's power, help investors obtain reasonable returns, enhance investors' confidence and trust, and become a "stabilizer" for market operation and a "booster" for economic development.

Relevant department and bureau leaders of the CSRC attended the symposium.