Home » Yan Qingmin, Vice Chairman of the China Securities Regulatory Commission: Increasing support for technological innovation and highlighting the strategic role of innovative capital

Yan Qingmin, Vice Chairman of the China Securities Regulatory Commission: Increasing support for technological innovation and highlighting the strategic role of innovative capital

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According to the news released on the official website of the China Securities Regulatory Commission yesterday, the vice chairman of the China Securities Regulatory Commission Yan Qingmin stated at the “Innovative Development and Capital Empowerment” Capital Market Fujian Matchmaking Conference that the China Securities Regulatory Commission will further play the role of the multi-level capital market to promote the high-quality development of Fujian’s economy and society. .

Yan Qingmin said that in recent years, the China Securities Regulatory Commission has focused on the overall goal of “creating a standardized, transparent, open, vigorous and resilient capital market”, adhered to the general tone of seeking progress while maintaining stability, and coordinated efforts to advance the prevention and control of the epidemic and deepen reforms. , Preventing risks and supporting various tasks for economic and social development, and achieved positive results.

“In general, the capital market is undergoing increasingly profound structural changes, the market’s resilience, vitality, and attractiveness have significantly increased, the market ecology has continued to improve, the scale, depth, and breadth of serving the real economy have continued to expand, and the types of financial products have become increasingly abundant. It provides all-round, full-chain, and diversified services for enterprises at various stages such as seed stage, start-up stage, and mature stage.” Yan Qingmin said.

Yan Qingmin said that the capital market is an important part of the modern economic system and will play a greater role in the process of building a modern socialist country. The China Securities Regulatory Commission will further play the role of the multi-level capital market to promote the high-quality development of Fujian’s economy and society, and achieve the following five “focuses”.

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Efforts will be made to increase support for scientific and technological innovation and highlight the strategic role of innovation capital.Support high-end equipment manufacturing, information technology, new energy, new materials, biomedicine, energy conservation and environmental protection and other scientific and technological innovation enterprises, through the sci-tech innovation board, the ChiNext board, the new third board selected layer listing and financing; support private equityfundDevelop, encourage private equity funds to invest in small, early, and technology investments in Fujian, further optimize the allocation of scientific and technological resources, stimulate the vitality of innovative entities, and give play to the leading role of government entrepreneurship guidance funds and achievement transformation funds; give full play to the industry leading role of listed companies, Assist in the realization of technology and capital financing innovation, and create an industrial chain and supply chain with stronger innovation capabilities, higher added value, and safer and more reliable.

Efforts will be made to play the role of the multi-level capital market to support the growth and expansion of enterprises. Intensify the cultivation of reserve listed companies, support Fujian’s high-quality enterprises to use the capital market registration system reform opportunities to develop and grow; play the role of the NEEQ service “small, special and professional”, guide SMEs to develop on the NEEQ, and promote qualified companies Companies are transferred to the listing through selected layers; support the standardized development of the regional equity market in Fujian Province, provide more inclusive financial services for small, medium and micro enterprises, and cultivate and transport more high-quality reserve listing resources.

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Efforts will be made to improve the quality of listed companies and promote better and stronger listed companies.Guide and support Fujian to further implement the opinions on improving the quality of listed companies, guide listed companies to make good use of the new policy of refinancing, and promote high-qualityM&AReorganization; Encourage listed companies with outstanding industrial advantages to integrate industry resources and accelerate the development of the industry; support listed companies to issue bonds and expand direct financing channels.

Efforts will be made to promote the development of securities and futures operating institutions and continuously improve service capabilities. Encourage Fujian legal person securities and futures business institutions to enhance their capital strength and operational capabilities in multiple ways to achieve professional and differentiated development; guide legal person securities companies to increase resource investment in Fujian, and actively connect with key projects, key enterprises and entrepreneurial enterprises in the province, Support the issuance of infrastructure public offering REITs; strengthen foreign exchanges and cooperation, and support qualified overseas securities and futures institutions to establish wholly-owned or joint venture institutions in Fujian Province.

Efforts will be made to prevent and defuse capital market risks and cultivate a sound financial ecology.Cooperate with relevant departments of Fujian Province and governments at all levels to strengthen guidance on risk resolution of listed companies in Fujian, and continue to strengthen bond defaults and stocksPledgeAs well as private equity funds, various local trading venues and other key areas of risk research and judgment, highlight the symptoms and root causes, digest the stock and contain the increase simultaneously, actively and prudently prevent and resolve risks; strengthen investor protection, strengthen the supervision of various market entities in accordance with the law, and severely crack down Various violations of laws and regulations have promoted the healthy development of Fujian’s capital market.

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(Source: Shanghai Securities News)

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