THE CVM: TAKE STEPS TO DIRECT MEDIUM- AND LONG-TERM FUNDS TO THE MARKET, AND REGULATE THE DEVELOPMENT OF QUANTITATIVE TRANSACTIONS AND AI APPLICATIONS

ON THE MORNING OF 20 JULY, U QING, SECRETARY-GENERAL OF THE CVC AND CHAIRMAN OF THE CVC, TRAVELLED TO BEIJING TO STUDY AND HOST AN INVESTOR ' S COLLOQUIUM IN BEIJING, WHERE HE MET FACE-TO-FACE WITH EIGHT REPRESENTATIVES OF VARIOUS CATEGORIES OF INVESTORS, INCLUDING LARGE, MEDIUM AND SMALL, TO HEAR SUGGESTIONS FOR THE PROMOTION OF STABLE AND HEALTHY DEVELOPMENT OF CAPITAL MARKETS. AT THE MEETING, INVESTORS ' REPRESENTATIVES MADE PRESENTATIONS IN THE CONTEXT OF INVESTMENT AND PARTICIPATION IN STOCK MARKETS. IT WAS STATED THAT, SINCE THE IMPLEMENTATION OF THE NEW “N9” ARTICLE, OUR CAPITAL MARKET HAS GENERALLY SHOWN A STEADY AND POSITIVE DEVELOPMENT. IN THE RECENT PAST, THE A SHARE MARKET HAS EXPERIENCED SIGNIFICANT VOLATILITY AS A RESULT OF A COMBINATION OF FACTORS SUCH AS EXTERNAL INPUT RISK, BUT THE LOGIC OF CAPITAL MARKET POLICY, INNOVATION AND SECURITY HAS NOT CHANGED SINCE 9-26, AND SHORT-TERM FLUCTUATIONS HAVE NOT CHANGED THE LONG-TERM POSITIVE TREND. IT IS RECOMMENDED THAT COUNTERCYCLICAL REGULATION OF THE SECOND-TIER MARKET BE STRENGTHENED, THAT BOTH MEDIUM- AND LONG-TERM FINANCING BE CHANNELLED TO THE MARKET, THAT QUANTITATIVE TRANSACTIONS AND AI APPLICATIONS BE STANDARDIZED AND THAT LISTED COMPANIES BE FURTHER PROMOTED, THAT THE COST OF SECURITIES OFFENCES BE INCREASED AND THAT ALL EFFORTS BE MADE TO PROMOTE HIGH-QUALITY CAPITAL MARKET DEVELOPMENT. WU QING INDICATED THAT A LARGE NUMBER OF INVESTORS WERE MARKET-DRIVEN AND THE MOST IMPORTANT PARTICIPANTS IN CAPITAL MARKETS. THE CSRM WILL CONTINUE TO PROMOTE RISK PREVENTION, STRONG REGULATION AND HIGH-QUALITY DEVELOPMENT IN CAPITAL MARKETS AS ONE AND THE SAME. IT WILL DO ITS UTMOST TO MAINTAIN THE SMOOTH FUNCTIONING OF MARKETS. IT WILL FOCUS ON IMPROVING THE TRANSPARENCY AND AUTHENTICITY OF LISTED COMPANIES AND BETTER RETURNS TO INVESTORS. IT WILL URGE INDUSTRY INSTITUTIONS TO REGULATE THEIR OPERATIONS AND UPGRADE INVESTOR SERVICES. IT WILL CONTINUE TO DEVELOP LONG-LASTING MECHANISMS FOR INVESTOR PROTECTION. IT WILL BE DETERMINED TO MAINTAIN AN OPEN, FAIR AND JUST MARKET ORDER THAT ALLOWS INVESTORS TO BETTER SHARE IN HIGH-QUALITY DEVELOPMENT GAINS FROM ECONOMIC AND CAPITAL MARKETS. THE RELEVANT DEPARTMENTS OF THE CVM AND THE BEIJING CVM ARE PRIMARILY RESPONSIBLE FOR THE PARTICIPATION OF GAYS。