On October 10, Wu Qing, Secretary of the Party Committee and Chairman of the China Securities Regulatory Commission (CSRC), held a seminar in Beijing to engage in in-depth discussions with leaders of listed companies and experts from securities and fund institutions, gathering opinions and suggestions on the current capital market and financial situation. During the seminar, participants unanimously agreed that China's macroeconomic environment is steadily improving, the industrial structure transformation is deepening, and the capital market is operating robustly, with multi-level market functions being effectively utilized. Although facing some risks and challenges, the trend of high-quality development remains unchanged, and there is confidence in economic operations and the capital market. Additionally, the attending experts provided specific suggestions for better promoting the stable and healthy development of the capital market, which mainly include: continuously strengthening the mechanisms for market stability, further broadening the sources, channels, and methods for medium- and long-term funds to enter the market, and developing patient capital; encouraging listed companies with conditions to increase dividend repurchases and improve mechanisms for investor returns and rights protection; optimizing the issuance and listing system to support the development of high-quality enterprises from various types and industries; enhancing trading supervision and strengthening cross-border risk monitoring and response; and researching and reserving more incremental policy tools, among others. Wu Qing expressed that listed companies and industry institutions are important entities in the market and hopes that everyone will actively provide suggestions to jointly build a better capital market, which will better reward investors and contribute positively to the construction of Chinese-style modernization. Relevant officials from the CSRC also participated in the seminar.
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