At the current critical point, the chairman of the China Securities Regulatory Commission, Liu Shiyu, attended the symposium of the chief economist and released a lot of information.
Recently, the China Securities Industry Association held a forum for chief economists in the securities fund industry. Liu Shiyu attended the meeting and exchanged views with the chief economists. Liu Shiyu pointed out that it is necessary to cherish the reputation of the industry, continuously improve the level of research capabilities, continue to exert its influence and credibility, and contribute positively to guiding market expectations.
This is the third symposium that Liu Shiyu participated in in the past six months, and he has talked with investors and listed company leaders twice, mainly to listen to the opinions and suggestions of the market on the reform and development of the capital market.
First Chief Economist Symposium
Recently, the China Securities Industry Association held a forum for chief economists in the securities fund industry to convey the spirit of the important meeting of the CPC Central Committee’s Political Bureau meeting on October 31 and Xi Jinping’s speech at the private enterprise symposium on November 1 Discussed issues related to the reform and development of the capital market. Liu Shiyu, chairman of the China Securities Regulatory Commission, attended the meeting and exchanged views with the chief economists.
This is the first time that Liu Shiyu has specially discussed and exchanged with the chief economist of the securities fund industry.
Liu Shiyu pointed out that the chief economist of the securities fund industry should shoulder the mission of the times, improve the political position, always take Xi Jinping's new era of socialism with Chinese characteristics as the guide, learn the spirit of the 19th National Congress and resolutely implement Xi Jinping's capital. The spirit of a series of important instructions in the market, consciously proceeding from the overall situation of the party and the state, in-depth analysis of the domestic and international economic and financial situation, and the interpretation of the party, the country's line, policy, and policy propaganda. It is necessary to cherish the reputation of the industry, continuously improve the level of research capabilities, continue to exert its influence and credibility, and contribute positively to guiding market expectations. At present, Xi Jinping’s important speech at the private enterprise symposium should be well understood, publicized, and interpreted well. Everyone is welcome to make suggestions and suggestions on deepening reform, comprehensive opening, steady development, perfecting the basic system and stimulating market vitality in the capital market.
Proposed establishment of the chief economist quarterly meeting system
The meeting was hosted by An Qingsong, secretary of the Party Committee of the Securities Industry Association and executive vice president. The meeting sought advice on the establishment of the chief economist quarterly meeting system and the chief economist self-discipline initiative. More than 30 chief economists from the securities fund industry, the Central Propaganda Department and the responsible comrades of the relevant departments of the CSRC attended the meeting.
The chief economists said that at present, the effect of deepening the supply-side structural reform in China is emerging. The factors of stable, moderate, and stable economic structure are accumulating, and the effects of quality, efficiency, and dynamic change in the economic system are accelerating. Force, new power, new kinetic energy are accelerating, the resilience of micro-subjects is further enhanced, the external dependence on the economy is greatly reduced, the ability to resist risks is strengthened, and a good foundation for the capital market to play a good pivotal function has been laid. The chief economist at the meeting also put forward opinions and suggestions on the reform and development of the capital market.
Liu Shiyu attended the relevant forum three times in the past six months.
The CSRC attaches great importance to the voice from the front line of the market. In the past six months, Liu Shiyu has participated in three face-to-face discussions with market participants.
On July 8 and 9, Liu Shiyu and Vice Chairman of the China Securities Regulatory Commission, Qi Qingmin, presided over the symposium of the heads of listed companies. First, they listened to the current economic and financial situation. Second, they listened to the stability of the capital market and promoted the capital market and listing. The company's recommendations for healthy development; the third is to listen to the opinions of the work of the CSRC. At that time, the chairman of more than a dozen listed companies attended the meeting and expressed their views. The CSRC said that the next step will be to hold a series of seminars on listed companies.
On October 14, Liu Shiyu went to the business department of Beijing Dongzhimen South Street of CITIC Jiantou Securities Co., Ltd. to investigate and hold an investor forum to listen to investors' suggestions on the stability and development of the capital market. A total of 15 private equity funds and individual investor representatives attended the meeting. Some responsible persons of securities companies and responsible comrades of relevant departments of the CSRC participated in the forum.
Participants analyzed the basic reasons for the downward trend and pressure of the A-share market since this year. They believe that the most important thing at present is to deepen reform and expand domestic and foreign opening to the main line to boost market confidence. It is recommended to enhance the strategic position of the stock market, deepen the reform of state-owned enterprises, develop mixed ownership, improve the quality of listed companies, improve the basic system including the trading system, reduce taxation to support the development of private equity funds, guide long-term investment behavior, foster institutional investors, and promote long-term When funds enter the market, macro-management and regulatory authorities and market investors should strengthen their awareness of counter-cyclicality and promote stable and healthy development of the capital market.
Liu Shiyu said at the meeting that he will always take Xi Jinping's new era of socialism with Chinese characteristics as the guide, learn from the spirit of the 19th National Congress of the Communist Party of China, resolutely implement the decision-making arrangements of the Party Central Committee and the State Council, and adhere to marketization, rule of law, and international The direction of the reform has not wavered, and the capital market has been continuously promoted to deepen reform, comprehensively open, and mature, and one item has been launched. It truly puts the "six stable" requirements of the Party Central Committee on economic and financial work in place, and combines various measures for reform and opening up of the capital market with comprehensive and strict regulatory measures to stabilize confidence and boost confidence. We will firmly adhere to the "two unwavering" efforts, strengthen innovation from various aspects such as systems and tools, and effectively support the development of private enterprises. China's stock market has hundreds of millions of small and medium investors, which is Chinese characteristics. The CSRC will always shoulder the mission of protecting the legitimate rights and interests of investors, especially small and medium-sized investors, and strive to create an open, fair, clear and transparent capital market ecology.
At the current critical point, Liu Shiyu attended the symposium of the chief economist and delivered a speech. It was considered by the market participants to be a useful move to pay attention to the market voice and listen to the opinions of the industry. The chief economist of the securities fund industry is a major player in the market. They are in the market and can capture the real problems in China's economic growth and capital market development, and transmit research information to investors, stabilize the market, interpret policies, and offer advice and suggestions. Other aspects play an important role.
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(Article source: brokerage China)
(Original title: For the first time! Liu Shiyu and the chief economist discuss new requirements for the chiefs! Liu Shiyu attended three symposiums in the past six months)