The Securities Supervision Commission held a symposium on implementing the spirit of the Third Plenary Session of the 20th Central Committee of the Communist Party of China and promoting the stable and healthy development of capital markets

On November 10th, in order to deeply implement the spirit of the Third Plenary Session of the 20th Central Committee of the Communist Party of China and the Politburo meeting of the Central Committee on September 26th, Wu Qing, Secretary of the Party Committee and Chairperson of the Securities Supervision Commission, recently held two industry body symposiums in Shanghai to have in-depth exchanges with securities companies, public funds and Private Offering Fund responsible persons and fully listen to opinions and suggestions. Qiu Yong, Secretary of the Party Committee and Chairperson of the Shanghai Stock Exchange, attended the symposium. During the discussion, everyone agreed that since the beginning of this year, with the introduction of the new "Nine Articles of the State" and the gradual implementation of the "1 + N" policy system for capital markets, especially the recent positive effects of a package of incremental policies in our country are continuing to appear. The expectations and confidence of all parties have been significantly enhanced, and the capital markets have recovered and shown strong resilience. With the further strengthening of counter-cyclical adjustment of fiscal policy and monetary and financial policy, the macro economy is expected to continue to recover and improve, and there is a solid foundation and conditions for maintaining the stable and healthy development of capital markets. At the same time, the delegates put forward specific suggestions on further implementing the "1 + N" policy system and institutional rules of capital markets, comprehensively deepening the reform of capital markets, making overall use of capital markets tools such as equity and debt financing, mergers and acquisitions and restructuring, enhancing the comprehensive service capabilities of the multi-level capital markets system, strengthening the three-dimensional accountability of capital markets, and standardizing the information dissemination order of capital markets.