[China Securities Regulatory Commission: The scale of dividend repurchases of listed companies during the year exceeded the amount of IPOs and refinancings] November 12th, at the Shanghai Stock Exchange International Investors Conference held today, Vice Chairman of the China Securities Regulatory Commission said that in recent years, the comprehensive reform of investment and financing in the capital market has continued to advance, and the "1+6" reform of the Science and Technology Innovation Board, the "Six Mergers and Acquisitions", the deepening reform of the GEM, and the optimization of refinancing policies have been implemented. The construction of a series of systems conducive to "long-term money and long-term investment" has been solidly advanced, and the scale and proportion of medium- and long-term funds entering the market such as social security, annuities, and insurance have steadily increased. Since the beginning of the year, the net purchase of A-shares has exceeded 600 billion yuan. The operating efficiency of listed companies continues to improve. Since the beginning of this year, the scale of dividend repurchases by listed companies has exceeded the amount of IPOs and refinancings, and the investor return mechanism has been continuously consolidated. (Reporter Wang Yanlin)