[Li Chao, Vice Chairman of the China Securities Regulatory Commission: Greater efforts should be made to release the vitality of M&A and restructuring reforms to support the transformation, upgrading, and improvement of listed companies.] On September 10, Li Chao, Vice Chairman of the China Securities Regulatory Commission, stated at a press conference of the State Council Information Office on the afternoon of the 10th that the quality and investment value of listed companies should be further improved. High-quality development of the capital market is inseparable from a high-quality group of listed companies. Greater efforts should be made to release the vitality of mergers, acquisitions and restructuring reforms, and support listed companies in transforming, upgrading, and becoming better and stronger. Improve the governance and standardized operation level of listed companies, and guide listed companies to increase their own value through equity incentives, dividend buybacks, etc. Strictly implement and continuously improve the delisting system.