On September 27, the China Securities Regulatory Commission held a meeting of the Party Committee (Enlarged) to convey and study the spirit of the meeting of the Political Bureau of the Central Committee on September 26, and to study, deploy and implement measures. The China Securities Regulatory Commission pointed out that it is necessary to actively cooperate with the implementation of relevant monetary policy tools such as securities, funds, insurance companies, swap facilities, stock repurchase and special reloans, and at the same time, further plan and introduce more pragmatic and effective policy measures in a timely manner in terms of investment, assets, and protection of small and medium-sized investors.

It is necessary to boost the main line of the capital market

The meeting of the Political Bureau of the CPC Central Committee made an in-depth analysis of the current economic situation and made important arrangements for the effective implementation of existing policies and measures and the intensification of new policies and measures.

The China Securities Regulatory Commission (CSRC) must effectively enhance its political position, focus on the core task of boosting the capital market, strengthen its sense of responsibility and mission, take into account risk prevention, strengthen supervision and promote development, go all out to ensure the effective implementation of the decisions of the Party Central Committee, take strong and effective measures to promote the high-quality development of the capital market, and actively contribute to the realization of the annual economic and social development goals.

Concrete deployment has been carried out from multiple aspects

First of all, it is necessary to focus on promoting the implementation of the guidance on medium and long-term capital entering the market, grasp the key link of improving the supply of funds, vigorously develop equity public funds, continue to increase their scale and market share, and strive to create long-term and stable returns for investors.

Second, according to the characteristics of different types of medium and long-term funds, we should solve the problem of increasing their efforts to enter the market, and accelerate the improvement of the policy system conducive to "long-term money and long-term investment".

Third, it is necessary to further promote the improvement of the quality and investment value of listed companies, ensure the effective implementation of the newly issued "six mergers and acquisitions", and launch a number of demonstration cases as soon as possible in promoting industrial integration and resource allocation optimization, and better serving the development of new productive forces. At the same time, it is necessary to issue guidelines for the management of the market value of listed companies as soon as possible, and support listed companies to make full use of relevant policy tools.

Finally, it is necessary to strengthen cross-departmental coordination and actively cooperate with the implementation of relevant monetary policy tools, including swap facilities for securities, funds and insurance companies, stock repurchases, and special reloans for increasing holdings.

Promote the implementation of medium and long-term funds into the market

The China Securities Regulatory Commission (CSRC) and the Financial Affairs Office jointly issued the "Guiding Opinions on Promoting the Entry of Medium and Long-term Funds into the Market", which proposes to focus on improving the relevant supporting policies and systems for the entry of various medium- and long-term funds into the market. Establish and improve the three-year or more long-term assessment mechanism for medium and long-term funds, including commercial insurance funds and various types of pensions, and promote the formation of a long-term performance-oriented investment philosophy.

In addition, the document also calls for the improvement of the investment policy system of the national social security fund and the basic pension insurance fund, supports eligible employers to liberalize the individual investment options of enterprise annuities, and encourages enterprise annuity fund managers to explore differentiated investment strategies. At the same time, the document encourages banks' wealth management and trust funds to actively participate in the capital market, and to improve the scale of their equity investment by optimizing the incentive and assessment mechanism and smoothing the channels for entering the market.