wu qing: create a good market ecology where medium- and long-term funds are willing to come, stay and develop well
2024-09-24
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the press conference site. photo from chinanews.com
on september 24, the state council information office held a press conference to introduce the relevant situation of financial support for high-quality economic development. wu qing, chairman of the china securities regulatory commission, said at the press conference that in the upcoming guidance on the entry of medium- and long-term funds into the market, three measures were highlighted.
first, vigorously develop equity-based public funds. focus on urging fund companies to further correct their business philosophy, adhere to the investor return orientation, strive to improve investment research and service capabilities, create more products that meet the needs of ordinary people, and strive to create long-term returns for investors. next, we will steadily reduce the comprehensive fee rate to better benefit investors and return investors.
second, improve the institutional environment for long-term investment. the focus is to improve the inclusiveness of supervision of medium- and long-term equity investment, fully implement long-term assessments of more than three years, remove institutional barriers that affect long-term investment of insurance funds, promote insurance institutions to become firm value investors, provide stable long-term investment for the capital market, and guide the benign interaction between the multi-level pension insurance system and the capital market.
third, we will continue to improve the capital market ecology, with a focus on taking multiple measures to increase the investment value of listed companies, improving a series of supporting institutional arrangements such as institutional investors' participation in the governance of listed companies, etc. at the same time, we will severely crack down on all kinds of illegal and irregular behaviors, and create a good market ecology where medium- and long-term funds are willing to come, stay, and develop well.
tian zhongfang, senior reporter of the paper
(this article is from the paper. for more original information, please download the "the paper" app)
