Wu Qing: "Six Merger and Acquisition Measures" has disclosed 230 major asset reorganizations since its release.

Chairman Wu Qing of the China Securities Regulatory Commission responded to reporters' questions about the reform and opening up of the capital market during the "14th Five-Year Plan" period, saying that the CSRC is committed to market-oriented, rule-of-law, and internationalized reforms. It has introduced a series of landmark reform and opening-up measures with strong traction and high quality. First, there has been a major breakthrough in investment-side reforms. The reform effect of "attracting long-term funds and promoting long-term investment" has accelerated. By the end of August this year, the market value of A-shares held by various long-term funds was approximately 21.4 trillion yuan, a significant increase of 32% from the end of the "13th Five-Year Plan". Second, reforms on the financing side continue to deepen. Since the release of the "Six Measures for Mergers and Acquisitions," 230 major asset restructurings have been disclosed, providing strong support for the industrial integration of listed companies. Third, the system and mechanisms to promote the high-quality development of listed companies are constantly improving. Adhering to the dual driving force of information disclosure and corporate governance, expanding diverse exit channels, and strictly clearing out the "bad apples" and "shell zombies". Wu Qing stated that 207 companies have smoothly exited the market during the "14th Five-Year Plan" period. Fourth, the high-level institutional opening of the capital market is steadily expanding. Market, product, and institutional opening are being promoted in a stable and orderly manner. Wu Qing stated that the market value of A-shares held by foreign investors is currently 3.4 trillion yuan, and there are 269 companies listed overseas. The circle of friends in China's capital market is getting bigger.