CSRC holds symposium for foreign institutions on Capital Market "Fifteenth Five-Year Plan"

In order to further study and implement the relevant deployment of the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China and the important speech spirit of General Secretary Xi Jinping on the formulation and implementation of the "Fifteen-Five" plan, on February 27, the Secretary of the Party Committee and Chairman of the China Securities Regulatory Commission (CSRC), Wu Qing, held a symposium in Beijing with representatives from eight foreign securities, funds, and futures institutions in China to exchange in-depth views and fully listen to opinions and suggestions on the work of the "Fifteen-Five" plan for the capital market. Participants unanimously agreed at the symposium that since the issuance and implementation of the new "Nine Articles" in China, the capital market has achieved positive results in improving basic system, enhancing market function, increasing the investment value of listed companies, and expanding high-level openness, demonstrating a significantly increased willingness and enthusiasm of foreign capital and institutions to participate in the Chinese capital market. Participants unanimously expressed confidence in the long-term positive development of the Chinese economy and capital market. At the meeting, participants put forward specific opinions and suggestions on how to increase the inclusiveness and adaptability of the capital market system, steadily expand high-level institutional openness, accelerate the construction of first-class investment banks and institutions during the "Fifteen-Five" period. The main suggestions include: continuously improving the adaptability and coverage of capital market services for the real economy, enhancing the continuity and predictability of policies; further enhancing the investment value of listed companies, strengthening investor protection and corporate governance; continuously improving the level of facilitation of cross-border investment and financing, strengthening alignment with international standards and regulatory rules; promoting the dual-way opening up of industry institutions, supporting the differentiated and characteristic development of foreign institutions, and enhancing the global resource allocation capability of domestic institutions, and so on.