Wu Qing: Study and formulate special policy arrangements to better support the development of new quality productivity

On February 1, 2025, the third issue of "Qiushi" magazine published an article by Wu Qing, chairperson of the China Securities Supervision Commission, entitled "Strive to create a new situation of high-quality development of capital markets". Wu Qing said that the implementation plan for further comprehensively deepening the reform of capital markets should be implemented as soon as possible, and one should be mature and launched. On the investment side, we will work with relevant parties to fully implement the implementation plan for promoting the entry of medium and long-term funds into the market, promote the establishment of a long-term assessment mechanism for all kinds of medium and long-term funds, improve the scale and proportion of investment class A shares, and accelerate the construction of a policy system that supports "long-term money and long-term investment". Deepen the reform of public funds, promote the establishment of an assessment, evaluation, incentive and restraint mechanism bound to investors' interests, continue to vigorously develop equity public funds, and support the high-quality development of indexed investment. On the financing side, study and formulate special policies and arrangements to better support the development of new quality productivity. At the same time, adhere to opening up to promote reform, optimize the overseas listing filing system, steadily expand the cross-border interconnection of capital markets, and optimize the qualified foreign investor system.