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wu qing, chairman of the china securities regulatory commission: next, we will focus on three highlights to enhance the inherent stability of the capital market

2024-09-24

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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 the capital market has achieved initial results in strengthening supervision, preventing risks, and promoting high-quality development.

wu qing pointed out that since the new "nine national regulations" and the 1+n policy system of the capital market, the market ecology has further improved, and the supervision has been long-toothed and thorny. first, by the end of august, 577 securities and futures violations had been investigated. second, the basic market system has been improved at a faster pace, and the institutional rules of various links such as issuance and listing, dividends, and reduction transactions have been optimized. the dividends of listed companies in 2023 reached 2.2 trillion yuan, a record high. third, the market function is maintained, and the issuance of new shares and refinancing maintain an appropriate rhythm. fourth, the reform and innovation of the capital market are firmly promoted, and 16 market service technologies and 8 measures have been issued to better play the role of mergers and acquisitions. since may this year, there have been 50 major cases of mergers and acquisitions.

wu qing pointed out that in the future, we will focus on three highlights. first, we will enhance the inherent stability of the capital market, establish a clear orientation of rewarding investors, improve the quality of listed companies and investment value, and accelerate reforms on the investment side. we will issue guidance on the entry of medium- and long-term funds into the market. second, we will highlight the service of the recovery of the real economy and the high-quality development of the economy, focusing on key areas such as serving new quality productivity. third, we will highlight the protection of the legitimate rights and interests of small and medium-sized investors, and resolutely crack down on financial fraud, market manipulation and other illegal and irregular behaviors.