China's ten years · series theme press release ｜ Positive structural changes have occurred in my country's capital market

Xinhua News Agency, Beijing, June 23 (Reporter Liu Hui) "Structural issues have always been a key issue that restricts the high -quality development of the capital market. In recent years, we have focused on the methods and ideas of reform to solve the structural problems." China Securities Regulatory Supervisor. Li Chao, vice chairman of the Association, said on the 23rd that the structural changes of the capital market in the past decade are mainly reflected in 6 aspects.

He made above at the "China Ten Years" series of theme press conferences held by the Propaganda Department of the Central Committee of the Communist Party of China on the 23rd.

Li Chao said that the multi -level market architecture is changing significantly. The Shanghai and Shenzhen motherboards are more prominently the characteristics of the "large market blue chip". The science and technology board adheres to the characteristics of "hard technology". The GEM continues to maintain the characteristics of "three innovations and four news". At the same time, venture capital and private equity investment funds also play an increasingly important role in the entire capital market.

"The structure of the listed company has undergone fundamental changes. The strategic emerging industry listed companies have nearly 2,200, and a strategic emerging industry listed company with a market value of more than 100 billion yuan has developed from a completely blank gap of ten years ago to 46." The company's assets have doubled compared to ten years ago, and operating income and net profit have maintained a high growth rate.

The market's survival of the fittest has accelerated. Li Chao said that the characteristics of the A -share market differentiation are more obvious, and the funds of all parties are more popular with leading stocks and excellent stocks. The normalized delisting mechanism has gradually established, and the exit channels are smoothly unblocked.

Investor structure is also gradually optimizing. Li Chao introduced that as of the end of May this year, the value of domestic professional institutional investors and foreign -funded ownership of the circulation stock market accounted for 22.8%, an increase of 6.9 percentage points from 2016. In 2021, the proportion of individual investors' transactions fell to less than 70%for the first time.

Li Chao also said that the product supply system in the capital market is more abundant. It continues to optimize the structure of stocks, debt, and future product structures, enrich risk management tools, meets the wealth management needs of residents, and better serve the major national strategy. In addition, as the comprehensive insurance system and the "zero tolerance" cracking down on illegal crimes and mechanisms are becoming more improved, the market atmosphere of integrity operations and fear of the rule of law is accelerating.

[Editor in charge: Wu Yongling]

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