2024-01-23 00:11:20
Shanghai Securities News China Securities Network News (Reporter Liang Yinyan) The State Council executive meeting was held on January 22 to hear reports on the operation of the capital market and work considerations. The meeting emphasized the need to further improve the basic system of the capital market, pay more attention to the dynamic balance of investment and financing, vigorously improve the quality and investment value of listed companies, increase the entry of medium and long-term funds into the market, and enhance the inherent stability of the market.
In this regard, Gao Ruidong, chief economist and director of the research institute of Everbright Securities, believes that medium- and long-term funds bring long-term and stable sources of funds to the capital market and help guide the market to transform into value investment, especially when the market experiences irrational and violent fluctuations. In times of fluctuation, it plays its role as a “ballast stone” to stabilize investor confidence; at the same time, in the context of real estate returning to its residential nature and the interest rate center declining for a long time, medium and long-term funds represented by pension funds will further increase investment in equity assets. , is also an important way to diversify residents’ asset allocation and allow residents to jointly enjoy the dividends of economic growth.
He said that to promote the entry of medium and long-term funds into the market, on the one hand, we must continue to optimize the policy environment and improve institutional arrangements such as performance evaluation, assessment mechanisms, and restraint mechanisms for medium- and long-term funds to increase the proportion of equity investment, so as to adapt to the role of medium- and long-term funds in reducing risks and stabilizing returns. dual pursuit; on the other hand, we must continue to strengthen the full-chain supervision of listed companies and encourage listed companies to increase their income distribution to long-term investors, thereby attracting more medium and long-term funds to enter the market.
The meeting also proposed that we should enhance the consistency of macro policy orientations, strengthen innovation and coordination of policy tools, consolidate and enhance the positive economic recovery, and promote the stable and healthy development of the capital market.
Gao Ruidong said that my country’s social expectations are currently weak, so the importance of strengthening policy coordination and expectation management has become more prominent. On the one hand, the consistent orientation of multiple macro policies will help clarify and clarify policy objectives, timely and fully convey policy intentions to the market, and guide social expectations to move closer to policy objectives, thereby improving policy transmission efficiency; on the other hand, non-governmental organizations Economic policies and macro policies work in the same direction and will echo each other and resonate at the same frequency to form policy synergies and jointly promote the economy to achieve effective qualitative improvement and reasonable quantitative growth.
(Editor: Wen Jing)
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