[CSRC: Study and promote multi-level market reform] On October 19, Wu Qing, chairman of the China Securities Regulatory Commission, said at the opening ceremony of the 2026 Financial Street Forum Annual Meeting that we will continue to deepen the inclusive reform of the capital market. Focus on supporting the development of new productive forces, implement detailed reform measures for the "Two Innovation Boards", and further improve mechanisms such as identification and screening of technology companies. Research and promote multi-level market reform and implement more inclusive and adaptable systems for issuance and listing, mergers and acquisitions and reorganizations. Deepen the refinancing reform and take the opportunity to issue newly revised regulations for the registration and management of securities issuance of listed companies and supporting rules.