The China Securities Regulatory Commission held a meeting recently to seriously convey and study and implement the spirit of the Sixth Plenary Session of the Seventeenth Central Committee of the Communist Party of China and the "Decision of the Central Committee of the Communist Party of China on Deepening the Reform of the Cultural System to Promote the Great Development and Prosperity of Socialist Culture". The capital market reform and development have been seriously studied, and the securities and futures regulatory system has been explicitly required to study and implement the spirit of the plenary session. The relevant person in charge of the CSRC stressed that it is necessary to give full play to the support function of the capital market for cultural development and prosperity. It is necessary to strengthen overall coordination, actively create conditions, support qualified cultural enterprises to issue listings, encourage cultural listed companies to conduct mergers and acquisitions, steadily expand the financing level of cultural enterprise bond markets, and promote the improvement of the supporting system for the transformation of business cultural units into enterprises. Cultural enterprises and cultural industries make full use of the capital market to become bigger and stronger, and provide strong motivation for the great development and prosperity of socialist culture.
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