On February 21, the reporter learned from the China Securities Regulatory Commission that Wu Qing, chairman of the China Securities Regulatory Commission, recently stated that it is necessary to implement various policies and measures to promote the development of the private economy in light of the actual situation of the capital market.
We must provide good support for the financing of private enterprises, focus on serving the development of new quality productivity, implement policies such as the "Eight Regulations on Science and Technology Innovation Board", "Six Regulations on Mergers and Acquisitions", and the capital market to do a good job in the implementation of the "Five Major Articles of Finance", improve the multi-level market system, accelerate the cultivation of patient capital, and attract more outstanding private enterprises to develop and grow with the help of the capital market.
We must actively help private enterprises solve development problems, cooperate with relevant departments to resolve the problem of arrears of accounts owed by private listed companies, coordinate the financing support for real estate enterprises and the prevention and control of bond default risks, work with relevant parties to steadily handle the delisting risks of private listed companies, improve the market-oriented restructuring mechanism, and launch more typical cases.
We must continue to promote the visits of listed companies to go deeper and more practical, respond to concerns in a timely manner, help solve practical difficulties, strive to build a friendly and clean government-business relationship, support all types of economies with ownership equally use of production factors in accordance with the law, strictly regulate administrative inspections involving enterprises, effectively protect the legitimate rights and interests of private enterprises and private entrepreneurs in accordance with the law, and further help optimize the development environment of the private economy.
Wu Qing emphasized that the capital market is an important platform for promoting the development and growth of the private economy. Currently, nearly 2/3 of the listed companies in the A-share market are private enterprises, about 80% of the companies on the Science and Technology Innovation Board, the GEM, and the Beijing Stock Exchange are private enterprises, about 90% of the New Third Board are private enterprises, and the number of private enterprises refinancing, mergers and acquisitions and restructuring accounts for about 70% of the entire market. The CSRC system should deeply understand that the private economy is an important foundation for the high-quality development of the capital market, integrate the promotion of the development of the private economy with the work of doing a good job in the capital market, adhere to the "two unshakable", better play the role of the capital market platform, and provide more powerful capital market support for private enterprises to become better and stronger.
(CCTV reporter Sha Qian)

