From February 18 to 19, the China Securities Regulatory Commission held a series of symposiums to listen to opinions and suggestions from all parties on strengthening capital market supervision, preventing and resolving risks, and promoting the high-quality development of the capital market. Experts and institutions who participated in the symposium were interviewed by a reporter from China ** Daily and talked about their opinions and suggestions at the symposium.
Tian Xuan, deputy dean of PBC School of Finance, Tsinghua University, "At the beginning of the Spring Festival, the China Securities Regulatory Commission held a series of symposiums to listen to the opinions and suggestions of all parties around the concerns of the market, showing the sincere attitude of the chairman of the China Securities Regulatory Commission to fully listen, respect the opinions of all parties in the market, and respond to market concerns, and release the policy warmth of jointly building the market during the critical period and continuing to make efforts to stabilize the market and stabilize confidence. As one of the experts participating in the meeting, Tian Xuan, deputy dean of the PBC School of Finance of Tsinghua University, said in an interview with a reporter from China ** Daily. Tian Xuan told reporters, "At the symposium, we fully felt the attitude of the chairman of the China Securities Regulatory Commission to ask questions about the market, ask experts, make scientific decisions, and work style of seeking truth and pragmatism. At the symposium, the participating experts knew everything, talked endlessly, and interacted enthusiastically. I mentioned suggestions such as increasing the punishment of violations of laws and regulations and strengthening the governance of listed companies. Tian Xuan also said that the healthy development of the capital market is directly related to the "money bag" of investors, and is also related to the overall situation of economic and social development. The SFC's communication with all parties in the market, improving communication methods and strengthening execution capabilities will effectively enhance investor confidence. From the perspective of the main concerns of investors, improving the quality of listed companies and increasing investment returns is a major focus. In his view, there are many investor-oriented system designs to increase investment returns, and the most important thing is to improve the quality of listed companies. It is necessary to attract high-growth and high-tech enterprises to go public and enhance their investability; It is also necessary to strictly control IPO access, strengthen the supervision of the whole process of listed companies, resolutely retreat as much as possible, and promote the survival of the fittest in the market; It is also necessary to further promote the resonance of the criminal law and the first law at the same frequency, and crack down on financial fraud, fraudulent issuance, insider trading, market manipulation and other violations of laws and regulations; It is also necessary to tighten the responsibilities of intermediaries, and hold accountable the parties' signing lawyers, certified public accountants, and sponsors. Tian Xuan thinks,The core of promoting the steady and healthy development of the capital market is also to boost market expectationsAmong them, it is very important to optimize the supply of the system and create a market environment of "willing to come" and "willing to stay" for medium and long-term funds. The latest statements of the regulatory authorities, such as "accelerating the pace of registration of equity products" and "further enriching the supply of broad-based index ** products and corresponding option products", will promote the introduction of more medium and long-term funds into the market. "In addition, we are concerned that the expectations put forward by investors, such as 'hope that the public offering will strengthen the core capacity building of investment and research' and 'hope that the dividends and repurchase efforts of listed companies will be further improved' are also in the process of implementation, which is expected to better serve and return investors. Tian Xuan added. Reviewer: Zhang Qinfeng Editor: Zhang Diange Proofreader: Wang Yin Producer: Li Ruoyu Signed: Fei Yangsheng