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wu qing: opinions on promoting the entry of medium- and long-term funds into the market will be issued to improve the institutional environment for long-term investment

2024-09-24

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on the morning of september 24, 2024, the state council information office held a press conference, inviting pan gongsheng, governor of the people's bank of china, li yunze, director of the state financial supervision and administration, and wu qing, chairman of the china securities regulatory commission, to introduce the relevant situation of financial support for high-quality economic development and answer questions from reporters.

wu qing: the market ecology has further improved since the new "nine national policies"

wu qing, chairman of the china securities regulatory commission, said at the meeting that since the new "nine national policies" 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. at the end of august, there were 577 securities and futures violations, which formed a powerful deterrent. the basic market system has been improved at a faster pace. the cash dividends of listed companies in 2023 reached 2.2 trillion yuan, a record high. at the same time, the management of programmed transactions has been strengthened. the market functions have been basically played, and the issuance of new shares and refinancing have maintained an appropriate rhythm. the reform and innovation of the capital market have been 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: measures to promote mergers, acquisitions and restructuring will be issued

on september 24, wu qing, chairman of the china securities regulatory commission, said that the csrc will take multiple measures to activate the m&a and restructuring market, will issue measures to promote m&a and restructuring, and strive to work with all parties to smooth the fundraising, investment, management and exit links of private equity venture capital funds.

wu qing: resolutely crack down on illegal and irregular activities such as financial fraud and market manipulation

on september 24, wu qing, chairman of the china securities regulatory commission, said that the csrc will focus on protecting the legitimate rights and interests of small and medium-sized investors, resolutely crack down on illegal and irregular activities such as financial fraud and market manipulation, and strive to implement more exemplary cases in representative litigation and advance payments.

wu qing: formulate guiding opinions to promote the entry of medium- and long-term funds into the market

wu qing, chairman of the china securities regulatory commission, said at the meeting that the total amount of long-term funds in the capital market is insufficient, the leading role is not sufficient, and the long-term money and long-term investment system has not been fully formed. the china securities regulatory commission and other departments have formulated guiding opinions to promote the entry of medium- and long-term funds into the market and deployed a series of arrangements to support the entry of medium- and long-term funds into the market, focusing on more long-term money, longer term money, and better returns, to promote the entry of medium- and long-term funds into the market.

wu qing: further optimize the registration of equity fund products and vigorously promote the innovation of broad-based fund products

wu qing, chairman of the csrc, said that the csrc will vigorously develop equity-based public funds, with the focus on urging fund companies to further correct their business philosophy, adhere to the investment return orientation, focus on improving investment research and service capabilities, and create more products that meet the needs of the people. it will further optimize the registration of equity fund products and vigorously promote innovation in broad-based fund products.

wu qing: improve the institutional environment for long-term capital and long-term investment

wu qing, chairman of the china securities regulatory commission, said at the meeting that it is necessary to improve the institutional environment for long-term money and long-term investment, enhance the regulatory inclusiveness of long-term equity investment, fully implement long-term assessments of more than three years, promote insurance institutions to make firm long-term investments, improve the national social security fund investment policy, and encourage corporate pensions to explore different types of differentiated arrangements based on the different ages and risk preferences of holders.

wu qing: take multiple measures to improve the quality of listed companies and the investment value of listed companies

wu qing, chairman of the csrc, said that the csrc will continue to improve the capital market ecology, take multiple measures to improve the quality of listed companies and the investment value of listed companies, improve a series of institutional arrangements such as institutional investors' participation in the corporate governance of listed companies, and create a good market ecology where medium- and long-term funds are "willing to come, stay, and develop well."