The conference also discussed and listened to the opinions and suggestions of some experts and scholars on the preparation of the capital market “15th Five-Year Plan” and capital market work in 2026. During the discussion, everyone agreed that the trend of healthy and stable development of the capital market during the “14th Five-Year Plan” period continued to form and continue to be consolidated, and that the “15th Five-Year Plan” period was a critical stage for improving the quality, efficiency, and function of the capital market. At the meeting, everyone put forward forward-looking and constructive suggestions on how to improve the “15th Five-Year Plan” of the capital market, mainly including further improving the inclusiveness and adaptability of the issuance and listing transaction system to attract more high-quality enterprises in the field of new productivity; expanding the supply of patient capital, long-term capital and strategic capital; continuing to activate the merger, acquisition and restructuring market, strictly normalizing delisting; promoting the improvement of the governance and supervision of the application of artificial intelligence in the capital market; and strictly cracking down on financial fraud and strengthening investor protection and education. Wu Qing said that the Securities Regulatory Commission will thoroughly study and implement the spirit of the Fourth Plenary Session of the 20th CPC Central Committee and the Central Economic Work Conference, solidly push forward the preparation and implementation of the “15th Five-Year Plan” of the capital market, closely follow the main lines of risk prevention, strong supervision and promotion of high-quality development, continue to deepen comprehensive capital market investment and financing reforms, steadily expand the high-level opening of the system to the outside world, continue to enhance the inclusiveness and appeal of the capital market system, and better serve high-quality economic development and the overall situation of Chinese-style modernization.

The conference also discussed and listened to the opinions and suggestions of some experts and scholars on the preparation of the capital market “15th Five-Year Plan” and capital market work in 2026. During the discussion, everyone agreed that the trend of healthy and stable development of the capital market during the “14th Five-Year Plan” period continued to form and continue to be consolidated, and that the “15th Five-Year Plan” period was a critical stage for improving the quality, efficiency, and function of the capital market. At the meeting, everyone put forward forward-looking and constructive suggestions on how to improve the “15th Five-Year Plan” of the capital market, mainly including further improving the inclusiveness and adaptability of the issuance and listing transaction system to attract more high-quality enterprises in the field of new productivity; expanding the supply of patient capital, long-term capital and strategic capital; continuing to activate the merger, acquisition and restructuring market, strictly normalizing delisting; promoting the improvement of the governance and supervision of the application of artificial intelligence in the capital market; and strictly cracking down on financial fraud and strengthening investor protection and education. Wu Qing said that the Securities Regulatory Commission will thoroughly study and implement the spirit of the Fourth Plenary Session of the 20th CPC Central Committee and the Central Economic Work Conference, solidly push forward the preparation and implementation of the “15th Five-Year Plan” of the capital market, closely follow the main lines of risk prevention, strong supervision and promotion of high-quality development, continue to deepen comprehensive capital market investment and financing reforms, steadily expand the high-level opening of the system to the outside world, continue to enhance the inclusiveness and appeal of the capital market system, and better serve high-quality economic development and the overall situation of Chinese-style modernization.