The reform direction is clear!Wang Jianjun, vice chairman of the CSRC: Grasp the four key points and strive to promote the high -quality development of the Bei Stock Exchange

On September 4, the Capital Market Assistance to the International Science and Technology and Innovation Center Construction Forum was held at the China International Services Trade Fair in 2022. Wang Jianjun, vice chairman of the CSRC attended the forum and delivered speeches. Wang Jianjun said that after nearly a year of construction, the Beijing Stock Exchange has achieved a good start.

Wang Jianjun pointed out that the Central Economic Work Conference clearly stated that this year's economic work must adhere to the goal of steady progress, comprehensively deepen reform and opening up, adhere to innovation -driven development, and increase the efforts to financing the real economy and SMEs. As an important part of the multi -level capital market, the Beijing Stock Exchange adheres to the dislocation development during the construction process, follows the basic laws of the development of the exchange, and continuously improves the ability of SMEs and technological innovation to serve SMEs and technological innovation.

The first is to adhere to reform and innovation. Summarizing the development experience of the capital market for more than 30 years, and deepening reforms have always been the foundation of solving various problems in the market. The development of the Beijing Stock Exchange market is to continuously deepen reforms, explore and innovate, in order to promote stability, and gradually improve the small and medium -sized small and medium -sized small and medium -sized small and medium The institutional mechanism of the characteristics of the enterprise, comprehensively enhance market functions, build a virtuous cycle of market ecology, and better support the innovation and development of small and medium -sized enterprises.

The second is to persist in steady progress, stabilize policies, and stabilize expectations. "Stability" is the core prerequisite for the healthy development of the capital market. The development of the Beibei Stock Exchange must grasp the stable relationship, not only strengthen the innovation and development, but also adhere to the scientific development, and support the Beijing Stock Exchange to accelerate the development moderately while paying attention to quality.

The third is to adhere to serving the real economy. As the core hub of resource allocation, the capital market is the responsibility to serve the real economy. For the Bei Stock Exchange, the focus of work must be focused on serving physical enterprises, especially SMEs, which specialize in specialized SMEs to guide capital to the real economy, to scientific and technological innovation, support SME growth, and promote the economy, promote the economy High -quality development.

In the next step, the CSRC will adhere to market positioning, respect the laws of the market, consolidate the foundation of the market, grasp four points, and strive to promote the high -quality development of the Bei Stock Exchange.

The first point is to promote the high -quality expansion of the Peking Stock Exchange, which is the basis for the full play of the stock exchange function. Under the progressive structure of the New Third Board layer, the company applying for the Beijing Stock Exchange has passed the inspection of the basic and innovative layers. Essence The CSRC welcomes high -quality enterprises that meet industrial policies and market positioning to apply for the Beijing Stock Exchange. It also hopes that the market participants will give more support to jointly promote the healthy and rapid development of the Beijing Stock Exchange.

The second point is to expand the market function of the Bei Stock Exchange. At present, the Beijing Stock Exchange has initially possessed the basic functions of the exchange, and the financing varieties have continued to innovate, and some useful attempts have been conducted. SMEs have the characteristics of individual differentiation, strong flexibility, and diverse demand. They need to match the diversity, tolerance, and inclusive institutional arrangements to continuously expand market functions.

In terms of financing, it is necessary to explore a diversified issuance and listing mechanism, study the bond product system, and provide enterprises with direct financing services for equity and bonds. In terms of transactions, the Bei Stock 50 Index should be launched in a timely manner to explore the mixed transaction arrangements to enhance the operating effect of the market. In terms of services, it is necessary to strengthen collaboration with local governments, industrial funds, and commercial banks to promote policies and measures to support small and medium -sized enterprises. In addition, it is necessary to give full play to the collaborative linkage of the Peking Exchange with the innovation layer and basic layer, deepen the reform of the New Third Board, optimize the listing conditions of the basic layer, improve the innovation layer indicators, increase the first, smaller, and updated first -creation, and The support of technology -based enterprises cultivates and transports more high -quality listing resources for the Bei Stock Exchange.

The third establishment of strict supervision. In the early days of market construction, the overall quality of listed companies listed by the Beijing Stock Exchange should be improved. On the one hand, it is necessary to strictly control the entry level, strictly implement the national industrial policy, give play to the advantages of continuous supervision of enterprises to apply for enterprises, strengthen on -site inspections before the listing, prevent illness from taking the level, strictly control the standards, strengthen self -supervision, strictly grasp the control of clean government and control and control , Hall the problem company resolutely blocking the door.

On the other hand, we must strengthen the supervision of listed companies. In response to the characteristics of relatively concentrated control of SMEs, pay close attention to key minorities such as the controlling shareholder and actual controller. Strong, urge the company to continuously improve the quality responsibility of market information, enhance the standardization of corporate governance, guide enterprises to regulate in development, and develop in norms.

The fourth focus is to do a good job of investors' protection. The listed company of the Beijing Stock Exchange generally has high growth and high -risk characteristics. Consciousness and standards need to be improved, and the governance mechanism of modern corporate governance is not good enough. In response to these reality, the Bei Stock Exchange must protect investors in an important position, adhere to and improve the appropriateness of investors. Supervision must be strict from the beginning. Zero tolerance crack down on illegal and violations, and pay the painful price of illegal people. Strengthen training and education, make large shareholders consciously restrict their behavior, effectively protect the legitimate rights and interests of small and medium investors, and let shareholders share the development results of the company.

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