Closely follow the “high-quality” main line to promote the steady progress of the capital market_reform

Original title: Closely follow the “high-quality” main line to promote the steady advancement of the capital market

Securities Times reporter Cheng Dan

The list of reform tasks for the capital market in the second half of the year was released, setting the direction of future supervision work. “High quality” is the main thread that runs through the reform and development of the capital market during the “14th Five-Year Plan” period. Seeking progress while maintaining stability and reform and opening up are the key words of reform.

At present, the world is undergoing major changes unseen in a century, and the development environment at home and abroad is facing profound changes. Looking at the world, the instability and uncertainty of the international environment have increased significantly. Focusing on the domestic economy, my country’s economy has shifted from a stage of high-speed growth to a stage of high-quality development, pursuing deeper reforms and higher levels of opening up. As an important hub of the real economy and finance, the capital market plays an increasingly important role.

To continue to create a new situation for the high-quality development of the capital market, it is necessary to sort out the principles of reform and achieve the five “must”: the new development concept must be fully, accurately and comprehensively implemented, the relationship between total volume, structure and benefits must be coordinated, and the relationship must be adhered to. To put strict supervision, prevention of risks, and promotion of stability in a more prominent position, efforts must be made to build a conscientious, benign and interactive ecosystem, and it must fully reflect the unity of drawing on international best practices and based on national conditions and market conditions. Continuously improve the balance, coordination and tolerance of the capital market, enhance the stability, continuity and predictability of policies, and apply the concept of strict legal supervision to all lines and fields of the capital market, so that those who do bad things will be punished , Let the people who do things according to the rules be motivated.

The policy has a direction, and the reform is easy to implement. The focus of the next stage of the capital market’s work is to adhere to the combination of goal-oriented and problem-oriented, respond to market concerns and expectations, with clear goals and clear positioning. On the one hand, the pace of comprehensive deepening of reforms in the capital market continues to accelerate. The reform of the registration system has entered a critical period. The next step will be to continue to make solid preparations for the market-wide registration system, optimize the issuance pricing mechanism, improve the quality of prospectus disclosure, further clarify the responsibilities of intermediaries, and improve the system and mechanism to prevent corruption risks. ; On the other hand, unswervingly promote the capital market institutional opening to the outside world. The pace of opening up of my country’s capital market is dominated by an orderly and gradual approach. In the future, conditions will be created to promote China-US audit supervision cooperation, strengthen market communication, stabilize policy expectations and institutional environment, deepen the interconnection between the mainland and Hong Kong markets, and firmly support the stable development of the Hong Kong capital market. In addition, in response to the high incidence of illegal activities in the capital market, we will also give full play to the role of the coordinating working group for cracking down on illegal activities in the capital market, comprehensively improve the quality and effectiveness of the investigation and handling of major cases, strengthen macro research and judgment, and strengthen the spillover, import and cross-over risks. Take precautions and resolve, and improve the development ecology of the capital market.

Reform promotes development, reform stimulates vitality, and China’s capital market is steadily advancing and developing through continuous reforms. It can be expected that with the implementation of various reform systems and the gradual improvement of systems and mechanisms, the capital market will better contribute to the high-quality development of the economy and contribute more to the process of building a “dual cycle” development pattern.Return to Sohu to see more