Xinhua News Agency, Beijing, December 28 (Reporter Liu Hui) China Securities Regulatory Commission Chairman Yi Huiman said on the 28th that to start a new journey of high-quality development of the capital market, efforts should be made to increase the proportion of direct financing and put support for technological innovation in a more prominent position.
Yi Huiman made the above statement at the 30th anniversary of the establishment of China's capital market.
He pointed out that efforts should be made to increase the proportion of direct financing, scientifically grasp the positioning of the stock market at all levels, improve the differentiated institutional arrangements for each sector, continue to standardize the development of private equity and venture capital funds, further promote the innovative development of the bond market, and actively and steadily develop the financial derivatives market And the over-the-counter market, strive to form a multi-level capital market system with complementary functions and organic connections.
Accelerate reforms on the investment side, strengthen rational and mature medium- and long-term investment forces, continue to expand market depth, and enhance development resilience.
At the same time, support for technological innovation will be placed in a more prominent position.
Support the Shanghai and Shenzhen Stock Exchanges to accelerate the construction of high-quality innovative capital centers and world-class exchanges.
Support various market entities to establish and improve long-term incentive and restraint mechanisms to maximize the endogenous driving force for innovation and development.
"We will take the reform of the registration system and the delisting system as an important starting point to strengthen the construction of the basic system... steadily implement the registration system in the entire market." When talking about the construction of the capital market system, Yi Huiman said that further diversified exit channels will be opened , Strengthen the survival of the fittest.
Coordinate and promote key institutional innovations in areas such as issuance and underwriting, trading, continuous supervision, and investor protection, and solidly promote institutional opening.
How to continuously promote and improve the quality of listed companies?
Yi Huiman said that it will continue to optimize the institutional arrangements for refinancing, mergers and acquisitions, and equity incentives, promote the reform and improvement of corporate governance of listed companies, increase the transparency of information disclosure, and win support from all parties to help listed companies accelerate their transformation and upgrading, and become better and stronger.
How to resolve market risks in an orderly manner?
Yi Huiman pointed out that it will adhere to the bottom line thinking, focus on improving the prevention, early warning, and disposal mechanisms of market risks, and strive to maintain the smooth and orderly operation of the market.
Fully implement the policy of "stabilizing the overall situation, overall coordination, classified policy implementation, and precise bomb disposal", steadily promote the orderly resolution of risks in key areas, and firmly hold the bottom line of avoiding systemic risks.