At 9 a.m. this morning, the State Information Office held a press conference. Pan Gongsheng, President of the People's Bank of China, Li Yunze, Director of the State Administration for Financial Supervision and Administration, and Wu Qing, Chairman of the China Securities Regulatory Commission, introduced the relevant situation of "a package of financial policies to support stabilizing the market and stabilizing expectations."
Wu Qing, chairman of the China Securities Regulatory Commission, said that the most important feature of our capital market is "reliability". It has a reliable economic development, reliable macro policies, and reliable institutional guarantees. Therefore, the capital market is injecting more certainty into our economy and market. In such an uncertain market environment, there will be winds and rains on our way forward. Whether it is light breezes and drizzles or storms, whether it is high and rapid waves or storms, we have the confidence and have the conditions and ability to achieve the stable and healthy development of the Chinese stock market.
Wu Qing: Fully support the Central Huijin Company to play the role of a standard fund
Wu Qing said that he would make every effort to consolidate the market's momentum of stabilization and improvement, dynamically improve the work plan for responding to various external risk attacks, and fully support the Central Huijin Company to play the role of a level-like fund.
Wu Qing: Recently, policy measures were introduced to further deepen the reform of the Science and Technology Innovation Board and the GEM
Wu Qing said that policy measures have been further introduced to deepen the reform of the Science and Technology Innovation Board and GEM, and further enhance the inclusiveness and adaptability of the system in terms of market review and investor protection.
Wu Qing: Speed up the issuance of management measures for major asset restructuring of listed companies
Wu Qing said that we should speed up the issuance of management measures for major asset restructuring of listed companies and relevant regulatory guidelines to better play the role of the main channel of mergers and acquisitions in the capital market.
Wu Qing: The allocation value and attractiveness of China's assets are continuing to increase
Wu Qing said that confidence and confidence in the capital market mainly comes from these aspects. First, the strong leadership of the Party Central Committee and the State Council, the firm determination and strong deployment to maintain market stability; second, the implementation of the 1+N policy of the new "National Regulations" has promoted positive and profound changes in the internal structure of the market; third, the logic of the stock market's technological narrative is becoming clearer and clearer, and the agglomeration effect is becoming increasingly obvious. The allocation value and attractiveness of China's assets are continuing to increase.
A-share listed companies have strong resilience and adaptability
Wu Qing said that in response to the impact of the imposition of tariffs in the United States, many listed companies have disclosed through announcements, performance briefings, etc. Overall, the US tariff policy has impacted the global economic and trade order, and the operations of listed companies are inevitably affected, and many companies with a high proportion of exports to the United States have a greater impact. As a representative of the important and outstanding corporate group of China's economy, A-share listed companies have strong resilience and adaptability. Super-large-scale domestic demand and potential demand are the confidence. Nearly 90% of A-share listed companies' income comes from domestic. The first quarter report shows that the net profit of listed companies increased by 3.6% simultaneously, while the net profit of listed companies in the real economy increased by 4.3%.
Strengthen supervision while transmitting supervision temperature to help affected enterprises cope with tariff shocks
Wu Qing said that since April 7, more than 350 listed companies have disclosed repurchase and increase plans, reflecting that listed companies are full of confidence in their own value and development. In the next step, the CSRC will continue to promote the function of the capital market, while strengthening supervision, and transmitting supervision temperature, and doing its best to help affected enterprises cope with the impact of tariffs.
For listed companies that are more affected by tariffs, helping to alleviate difficulties in equity pledge, use of refinancing funds, etc.
Wu Qing said that for listed companies that are more affected by tariffs, we will further strengthen supervision in the use of equity pledge and refinancing funds to help alleviate difficulties, further improve information disclosure exemption rules, and guide listed companies to effectively communicate with investment entities.
Wu Qing: More efforts to support mergers and acquisitions of listed companies
Wu Qing said that he supports listed companies to transform through mergers and acquisitions. At present, the China Securities Regulatory Commission is speeding up the revision of the management measures for major asset restructuring of listed companies, further improving the supporting measures for the six mergers and acquisitions, and supporting listed companies with greater strength.
Wu Qing: Domestic enterprises that meet the conditions are encouraged to go public overseas in accordance with the law and regulations.
Wu Qing said that we should strengthen multi-level capital market products and services, encourage domestic enterprises that meet the conditions to go public overseas in accordance with the law, and enhance the expansion ability of the global market.
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[Editor in charge: Yuan Xindi PF182]
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