With the uncertainty of the global economic development, China's capital market is facing tremendous pressure, and effective measures need to be taken to stabilize the market and restore investor confidence. At the 2024 China Capital Annual Conference, Wu Xiaoqiu shared his views and suggestions on China's capital market.
Wu Xiaoqiu said that the most urgent task at present is to restore market confidence so that investors can return to the market. In order to achieve this goal, he made several suggestions.
First of all, he believes that we should suspend the IPO process and at the same time promote the reform of the registration system. He reviewed the 2008 U.S. market crisis and pointed out that in order to stabilize the market, it is necessary to pay attention to market stability. Therefore, he suggested that we should slow down the IPO process to better manage market risks and speed up the reform of the registration system to ensure market stability.
Second, Wu Xiaoqiu emphasized the strategic value of China's capital market. He believes that the capital market is very important to provide financing channels for enterprises and promote economic growth. However, to achieve this goal, there must be a healthy and stable capital market. Therefore, he put forward some important conditions, such as formulating policies according to market laws and market demand, and strengthening market supervision.
Wu Xiaoqiu also deeply understood the common sense and function of the capital market. He pointed out that the rise and fall of stock prices reflects the market's confidence and expectations for the future, and investors pursue a balance between risk and return is the reason for the existence of the capital market. He also stressed the importance of the role transformation, that is, the former speculators need to become long-term investors, so as to promote the stable development of capital markets.
Finally, Wu Xiaoqiu put forward more suggestions in the article to restore market confidence and stabilize the market. He believes that we should start with the registration system, the rules for reducing holdings, and the mechanism for securities lending and borrowing to ensure that the market operates in a reasonable and orderly manner. In addition, he suggested that measures to stop the bleeding should be taken urgently, the IPO should be suspended, and the mobilization of large funds should be coordinated.
In conclusion, Wu Xiaoqiu has full confidence in China's capital market and believes that we have the ability to overcome the current challenges. He recognized the urgency of market issues and proposed a series of feasible solutions that can help restore market confidence, stabilize the market, and promote the healthy development of China's capital markets.