Wu Qing: The value of China’s asset allocation is more prominent

China News Service, Beijing, October 19 (Reporter Chen Kangliang) Wu Qing, Chairman of the China Securities Regulatory Commission, said in Beijing on the 19th that the value of China's asset allocation has become more prominent.

Wu Qing made the above statement at the 2026 Financial Street Forum Annual Meeting held that day. He pointed out that China's macroeconomic policies have become more effective and innovative momentum has been continuously released. The supporting conditions and basic trends for China's new and long-term economic development are still strong. The underlying logic of the operation of the capital market has quietly undergone profound changes, and the allocation value of China's assets has become more prominent.

Wu Qing said that this year is the first year of the "15th Five-Year Plan". The China Securities Regulatory Commission has made every effort to respond to multiple unexpected imported risk challenges, promote risk prevention, strengthen supervision, and promote high-quality development. The basic market system has gradually improved, the full-chain supervision system has continued to improve, and the comprehensive reform of investment and financing has continued to advance. The capital market has new momentum, improved structure, and improved ecology, effectively returns investors, and effectively serves high-quality economic and social development.

Official statistics show that listed companies, as the "ballast stone" of the national economy and the "leader" of industrial development, have further improved the quality and efficiency of their operations and development. In the first half of the year, they achieved a total revenue of 37.7 trillion yuan (RMB, the same below) and a net profit of 3.6 trillion yuan, a year-on-year increase of 19.5%. During the year, dividends and repurchases were 2.1 trillion yuan, which was 2.7 times the IPO (initial public offering) financing and refinancing in the same period.

"The effective increase in the investment value of listed companies not only consolidates the foundation for the stable and long-term development of the capital market, but also demonstrates the confidence and vitality of China's high-quality economic development." Wu Qing said.

At the same time, Wu Qing reminded that the current century-old changes are accelerating, a new round of technological revolution and industrial transformation are booming, and the world's political and economic landscape and financial ecology are facing profound adjustments and reshaping, which are having an increasingly broad and far-reaching impact on the capital market. First, geopolitical conflict disturbances have increased global risk premiums; second, the complexity of the interest rate environment has promoted asset re-pricing and rebalancing; third, artificial intelligence has driven market changes to accelerate; and fourth, global market linkage and resonance have increased significantly.