[Wu Qing: Scientifically grasp the pace while strengthening research on the system adaptability of the issuance and listing of technology companies] November 14th, Wu Qing, Chairman of the China Securities Regulatory Commission, said on the 14th when attending the 2026 China Capital Market Academic Annual Conference that the research on system inclusiveness and adaptability will be further deepened. As an important platform for market-oriented resource allocation, the capital market must further study and deepen the comprehensive reform of investment and financing, accelerate the construction of a direct financing system that adapts to the laws of innovation and industry, and coordinate the synergistic functions of the private market and the public market, as well as the stock market and the bond market. In particular, while scientifically grasping the pace, it is necessary to strengthen research on institutional adaptability and risk response mechanisms for the issuance and listing of large and new technology companies. At the same time, it is necessary to comprehensively and accurately understand the scientific connotation of the development of new productive forces, conduct in-depth research to support the listing and development of high-quality enterprises in different fields such as new consumption and traditional industry upgrading, continuously improve and optimize the structure of listed companies, and promote balanced and coordinated development of the market.