August 26, 2024 (InvestinChina.asia) – China’s top securities regulator, Wu Qing, has called on institutional investors to maintain resilience and confidence, emphasizing the importance of long-term investment in the country’s capital markets.
Key Points
- Reform and Modernization: Wu Qing, chairman of the China Securities Regulatory Commission (CSRC), stressed the importance of implementing reforms aligned with the modernization goals set out by the 20th National Congress of the Communist Party of China.
- Investor Engagement: The meeting included representatives from the National Social Security Fund, insurance asset managers, bank wealth management firms, and private equity funds.
- Long-Term Investment: Institutional investors discussed the need for policies that encourage long-term investment, such as favorable tax treatments, accounting practices, and performance evaluation frameworks.
- Capital Market Reforms: Suggestions were made for enhancing the stock market’s registration-based IPO system, improving market rules, and attracting innovative companies to list.
- Company Value Enhancement: Proposals included encouraging companies to increase dividends, buybacks, and the use of mergers and acquisitions to boost investment value.
Wu Qing’s Remarks
Market Stability: Wu Qing encouraged institutional investors to maintain confidence and focus on long-term investment, emphasizing their role in stabilizing the market and supporting economic development.
Political Task: Wu Qing highlighted that implementing the decisions of the 20th National Congress is a critical political task for the CSRC.
Policy Implementation: He committed to advancing policies aimed at fostering a stable and healthy capital market, including the “National Nine Measures” and the “1+N” policy framework.
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