“China Securities Journal” published the article “Securities Regulatory Commission: Accelerating the Construction of First-Class Investment Banks and Investment Institutions” on the 8th. According to the article, the 8th General Meeting of the China Securities Association was held in Beijing on December 6. Regarding “speeding up the construction of first-class investment banks and investment institutions to better promote the high-quality development of the capital market,” Wu Qing, Party Secretary and Chairman of the China Securities Regulatory Commission, put forward five hopes in his speech: the functioning of the industry will reach a new level, professional service capabilities will show new improvements, differentiated and characteristic development will achieve new breakthroughs, strengthen compliance management and risk prevention and control, and achieve new results, and a new atmosphere in industry culture construction. Regarding regulatory policies, Wu Qing said that efforts will be made to strengthen classification supervision and “support the good and limit the bad.” Appropriately “untie” high-quality institutions, further optimize risk control indicators, moderately open up capital space and leverage restrictions, and improve capital utilization efficiency.

“China Securities Journal” published the article “Securities Regulatory Commission: Accelerating the Construction of First-Class Investment Banks and Investment Institutions” on the 8th. According to the article, the 8th General Meeting of the China Securities Association was held in Beijing on December 6. Regarding “speeding up the construction of first-class investment banks and investment institutions to better promote the high-quality development of the capital market,” Wu Qing, Party Secretary and Chairman of the China Securities Regulatory Commission, put forward five hopes in his speech: the functioning of the industry will reach a new level, professional service capabilities will show new improvements, differentiated and characteristic development will achieve new breakthroughs, strengthen compliance management and risk prevention and control, and achieve new results, and a new atmosphere in industry culture construction. Regarding regulatory policies, Wu Qing said that efforts will be made to strengthen classification supervision and “support the good and limit the bad.” Appropriately “untie” high-quality institutions, further optimize risk control indicators, moderately open up capital space and leverage restrictions, and improve capital utilization efficiency.