China Securities Regulatory Commission (CSRC) in Beijing Photo:VCG

The China Securities Regulatory Commission (CSRC), the country's top market regulator, vowed to further boost confidence among investors at a recent symposium held in Beijing, as part of the commission's effort to further comprehensively deepen capital market reform.

To thoroughly study and implement the spirit of the third plenary session of the 20th Central Committee of the Communist Party of China and further comprehensively deepen the reform of the capital market, the CSRC held a meeting where its chairman, Wu Qing, had in-depth exchanges with representatives of 10 leading institutional investors, including the national social security fund, insurance asset managers, bank managers and private equity funds to fully listen to their opinions and suggestions.

The participating representatives made specific suggestions for the next step of comprehensively deepening the reform of the capital market, including improving assessment, accounting and taxation among other incentive mechanisms to encourage long-term investment, and supporting more long-term funds to enter the capital market.

"Investors are the primary participants and the cornerstone of market operation, making their interests central to any market reforms... This recent meeting reflects the government's commitment to deepening capital market reforms and enhancing investor confidence," Xi Junyang, a professor at the Shanghai University of Finance and Economics, told the Global Times on Sunday.

The goal of holding the meeting was also to address investors' concerns and identify key issues for policy adjustments, Xi Junyang said, which again demonstrates the regulator's focus on investors' interests and suggests that future policies will be adjusted accordingly.

Speaking at the meeting, Wu said that the CSRC will thoroughly implement the relevant arrangements made in the decision of the third plenary session and continue to promote the implementation of the corresponding policies such as a nine-point guideline, which aims to strengthen supervision, tackle risks and promote the high-quality development of the country's capital market, to achieve results.

In recent years, the number of institutional investors in the capital market has grown significantly, with their trading volume markedly increasing, according to Wu.

Wu asked institutional investors to strengthen buying power, help investors achieve reasonable returns, and enhance investor confidence and trust.

Ultimately, institutional investors should serve as a "stabilizer" for market operations and a "booster" for economic development, said Wu.