The Third Session of the 14th National People's Congress held an economic theme press conference today (6th), and the heads of relevant departments answered questions from Chinese and foreign reporters on issues such as development and reform, fiscal budget, business, financial securities, etc.
Wu Qing, chairman of the China Securities Regulatory Commission, introduced that in terms of preventing risks and stabilizing confidence, in the face of the complex and severe market operation last year, the China Securities Regulatory Commission worked with all relevant parties to improve the market stabilization mechanism and launched a series of combined punches. Improve the system of programmatic transaction supervision, suspend margin transfer and securities lending in accordance with the law, optimize the mechanism for northbound information disclosure, severely punish illegal share reduction, including handling some violations such as technical divorce, detour reduction, and lightning cash out. At the same time, it has also actively promoted more incremental funds to enter the market. The registration and issuance of public funds has accelerated significantly. The scale of equity ETFs has exceeded 3 trillion yuan. The market value of A-shares held by public funds has exceeded 6 trillion yuan at the beginning of last year, an increase of 17.4%. With the joint efforts of all parties, investors' expectations and market confidence are significantly improving.
