Xiao Gang, chairman of the China Securities Regulatory Commission, said that the new normal of economic development will greatly improve the foundation and environment for the development of the capital market and provide a rare historical opportunity for the development of the capital market. Under the new normal, the economic speed has not decreased, the quantity has increased and the quality has improved, the pace of reform and opening up has continued to accelerate, the new strategy and layout have been gradually implemented, the macro-control methods and means have been continuously innovated and improved, and micro-liberalization and macro-stability complement each other, activating direct financing and boosting the capital market. He stressed that it will promote the stable and healthy development of the stock market, actively promote the reform of the stock issuance registration system, and increase the supply of new shares in a timely and appropriate manner on the basis of maintaining a balanced monthly issuance of new shares and stabilizing market expectations.
On March 2, 20141day, China Securities Regulatory Commission finally officially promulgated the Measures for the Pilot Management of Preferred Shares (hereinafter referred to as the Measures). Industry insiders predict that highly indebted industries such as banks, electricity and real estate are more willing to issue preferred shares to supplement funds.
In fact, just after the Central Economic Work Conference, various reforms involving the capital market showed signs of overall acceleration: on the evening of February 18, 65438, the China Securities Association promulgated the Measures for the Management of Private Equity Crowdfunding (Trial), which stipulated the nature of equity crowdfunding, investors, financiers, investor protection and self-discipline management. 65438+February 65438+May, China Fund Association issued the "Guidelines for Negative List of Basic Assets of Asset Securitization Business (Draft for Comment)", and the basic assets with local governments as direct or indirect debtors and the basic assets with local financing platforms as debtors were both included in the ABS negative list.
On April 2, 2065438, China Securities Depository and Clearing Co., Ltd. issued a notice, clarifying that the A-share market was fully liberalized from April 3, 2065438. From 13, both natural persons and institutional investors can open multiple A-share accounts and closed-end fund accounts according to actual needs, with a maximum of 20 accounts. In other words, investors who can only have one securities account in one securities company will be able to open as many as 20 accounts in 20 securities companies.
2065438+June 30, 2005 A-share deleveraging evaporated for half a month 17 trillion, and the financial institutions still have room for growth.