The person in charge of the CSRC answered reporters' questions on deepening the reform of the new third board and establishing the Beijing stock exchange

Q: this evening, general secretary Xi Jinping announced in his speech at the 2021 China International Trade Fair on services global service trade summit that he will continue to support the innovation and development of SMEs, deepen the reform of the new three boards, and establish the Beijing stock exchange to create the main position of service innovation oriented SMEs. Regarding the implementation of general secretary Xi Jinping's important speech, what specific considerations will the SFC have?

A: the CPC Central Committee and the State Council attach great importance to the innovative development of small and medium-sized enterprises and the reform of the new third board. The central economic work conference, the outline of the 14th five year plan and the recent meeting of the Political Bureau of the CPC Central Committee have made important decisions on the development of specialized small and medium-sized enterprises and deepening the reform of the new third board. At the trade fair, general secretary Xi Jinping made clear that he will continue to support the innovation and development of SMEs, deepen the reform of the new three boards, set up the Beijing stock exchange, and create the main position of service innovation oriented SMEs. This is a new major strategic plan for the capital market to better serve the construction of new development pattern and promote the development of high quality, so as to further deepen the reform of the new three boards. Improving the financial support system of capital market for small and medium-sized enterprises points out the direction and provides guidance. The Party committee of the CSRC is excited and will deeply study and understand it and resolutely implement it.

Small and medium-sized enterprises can do great things. Small and medium-sized enterprises play an important role in promoting economic growth, promoting scientific and technological innovation and increasing employment. The capital market has always regarded serving the innovative development of small and medium-sized enterprises as an important mission. In recent years, the quality and efficiency of serving the development of small and medium-sized enterprises have been continuously improved through deepening reform and improving policies and systems. The Party committee of the CSRC deeply recognizes that deepening the reform of the new third board and establishing the Beijing stock exchange is an important measure to implement the national innovation driven development strategy and continuously cultivate new drivers of development. It is also an important content of deepening the structural reform of the financial supply side and improving the multi-level capital market system. It is also important for giving better play to the function of the capital market, promoting the integration of science and technology and capital It is of great significance to support the innovative development of small and medium-sized enterprises. According to the important instructions of general secretary Xi Jinping, the SFC will thoroughly implement the new development concept, persist in making steady progress, persist in the direction of marketization and rule of law, coordinate and coordinate the development of multi-level capital market, promote the sound chain system of capital market service for SMEs' innovation and development, and strive to create China's national conditions. Effectively serve the specialized development platform of capital market for specialized and new small and medium-sized enterprises, strive to build a standardized, transparent, open, dynamic and resilient capital market, and better serve the high-quality development of the real economy.