On December 13, Yi Huiman, Secretary of the Party committee and chairman of the CSRC, presided over the Party committee (expansion) meeting to convey and study the spirit of the central economic work conference and study and deploy the implementation work of the CSRC system. The meeting stressed the need to comprehensively deepen the reform and opening up of the capital market under the guidance of the reform of the whole market registration system. The meeting stressed that the 20th CPC National Congress will be held next year, and it is very important to do a good job in the capital market. The whole system of the CSRC should make every effort to do a good job in the reform, development and stability of the capital market, and actively contribute to stabilizing the macro-economic market and maintaining the stability of the overall social situation. First, adhere to the principle of stability and seek progress while maintaining stability, and strive to maintain the steady and healthy development of the capital market. We should place steady growth and risk prevention in a more important position. Under the unified command and coordination of the financial commission of the State Council, we should strengthen macro research and judgment, strengthen overall coordination, constantly improve the risk monitoring, early warning, disposal and accountability mechanism, improve the risk response toolbox, and improve the intelligent level of supervision. At the same time, focus on stabilizing market expectations through deepening reform, strengthen communication with the market and do a good job in expectation management. Second, we will comprehensively deepen the reform and opening up of the capital market under the guidance of the reform of the whole market registration system. Adhere to the reform of the registration system politically, adhere to the "three principles" of the registration system reform, scientifically handle the "six aspects of relations", make full efforts to "embroider", and make solid and detailed preparations for politics, ideology, business and technology, so as to ensure the smooth implementation of the reform. At the same time, guided by the reform of the registration system, we will comprehensively promote key reforms such as improving the quality of listed companies, improving the delisting mechanism, multi-level market construction, strengthening the responsibility of intermediaries, investment side reform, and improving the judicial system and mechanism of securities law enforcement, so as to continuously improve the basic system of the capital market. We will coordinate development and security, steadily promote the high-level opening of the capital market to the outside world, and accelerate the improvement of the supervision system for overseas listing of enterprises. Third, strengthen the function of the capital market and help the high-quality development of the real economy. Scientifically and reasonably maintain the normalization of IPO and refinancing, actively play the role of the main channel of M & A and reorganization in the capital market, expand the pilot of public offering REITs in the field of infrastructure, support qualified enterprises to issue bonds and finance, and promote the optimal allocation of various factor resources. Adhere to the "hard technology" orientation of the science and innovation board, build a good gem, run the Beijing stock exchange well, pay close attention to the capital market, support the smooth operation of the real economy, and guide funds to increase support for key areas such as science and innovation, manufacturing and small and medium-sized enterprises. We will give better play to the positive role of the commodity futures market and help maintain supply and stabilize prices and promote green and low-carbon transformation and development. Fourth, adhere to the bottom line thinking and continue to consolidate the effectiveness of risk prevention and control in key areas of the capital market. We will steadily resolve the risk of bond default, and carry out in-depth rectification of risks such as "pseudo private placement" and "pseudo Gold Exchange". Correctly understand and grasp the characteristics and behavior laws of capital. On the one hand, give play to the positive role of capital as a factor of production, continue to strengthen the important function of capital market in promoting capital, science and technology and industrial circulation, and protect property rights and intellectual property rights. On the other hand, we should strengthen the standardized guidance of capital, strictly supervise the financing and M & A activities in specific sensitive fields, jointly establish and improve the institutional mechanism to prevent the disorderly expansion of capital, set up "traffic lights" for capital, strengthen the effective supervision of capital according to law and effectively control its negative effects. Fifth, consciously adhere to and strengthen the party's overall leadership over the capital market. Carry out a large discussion on the political mission, political function and political responsibility of the securities and futures regulatory system, further improve political judgment, political understanding and political execution, and earnestly implement the practice of "two maintenance" in regulatory practice. We will continue to promote the in-depth and practical study and education of party history, continue to fully cooperate with the central inspection work, and promote reform, construction and governance through inspection. Continuously improve the professional ability and comprehensive quality of the supervision cadre team, persevere in strengthening the construction of work style, grasp the deployment, implementation and supervision in the spirit of nailing a nail, and ensure that the major decisions and arrangements of the Party Central Committee are fully implemented in the capital market. (outlook new era)