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E-mail China.org.cn, March 22, 2024
Economic Daily:
What specific considerations has the CSRC made in enhancing the inclusiveness and adaptability of capital market regulatory rules, promoting improvements in the quality of listed companies, and better serving the development of new quality productive forces? Thank you.
Li Chao:
During this year's "two sessions," General Secretary Xi Jinping emphasized the importance of developing new quality productive forces in accordance with local conditions, during his participation in the deliberations of the Jiangsu delegation. The CSRC has earnestly studied the important instructions and requirements of General Secretary Xi. As for how to effectively leverage the role of the capital market to better serve the development of new quality productive forces, considerations have primarily been taken into account in the following areas:
First, from the source, which is in the aspect of IPOs, efforts are being made to enhance the inclusiveness, adaptability and precision support of new quality productive forces. However, basic offering standards must of course be maintained.
Second, for companies that have already been listed, leveraging capital market tools such as mergers and acquisitions, corporate restructuring and equity incentives is crucial to facilitate the development and growth of listed companies involved in new quality productive forces.
Third, it is important to further improve the multi-tiered capital market system, including areas such as venture capital funds, with the aim of continuously enhancing the quality and effectiveness of serving the development of new quality productive forces. Thank you.
