证监会副主席陈华平：促进投融资功能协调必须抓住上市公司质量

\u003cdiv class=\"rich_media_content\"\u003e\u003c!--NO_AD_ERROR_2--\u003e\u003cp\u003e第三十届（2026年度）中国资本市场论坛在京召开，证监会副主席陈华平出席并发表讲话。\u003c/p\u003e\u003cp\u003e陈华平指出，促进投融资功能协调，必须深入研究其丰富内涵和运行机理。投资和融资是资本市场两大基础功能，二者一体两面，相辅相成，没有融资功能，资本市场服务\u003c!--VERTICAL_CARD_BEGIN_0--\u003e实体经济\u003c!--VERTICAL_CARD_END_0--\u003e就无从谈起，没有投资功能，市场可持续发展就会成为空中楼阁。从总量上看，投融资失衡就会加大市场波动，放大市场脆弱性。从结构上看，投资和融资在产品期限、风险特征和偏好等方面都需要更好匹配。还要看到投融资协调不是某个时点的静态平衡，而是一个动态变化不断调试的过程。\u003c!--NO_AD_0--\u003e\u003c!--EOP_0--\u003e\u003c/p\u003e\u003c!--PARAGRAPH_0--\u003e\u003cp\u003e促进投融资功能协调，必须牢牢抓住提高上市公司质量这个关键。上市公司是市场资金治理健全，回报水平高或者成长性强的上市公司，本身就是资本市场的源头活水，自然会吸引更多资金长期稳定的参与投资，进而形成上市公司质量高，投资有回报，资金积极入市，融资效率提升这种良性循环。反之，如果上市公司质量不过关，股价即使一时炒高也不可持续，最终导致投资者信心受损，融资功能也不可能正常发挥。\u003c!--NO_AD_1--\u003e\u003c!--EOP_1--\u003e\u003c/p\u003e\u003c!--PARAGRAPH_1--\u003e\u003cp\u003e陈华平表示，将不断增强对科技创新企业服务的精准性、有效性，纵深推进\u003c!--SECURE_LINK_BEGIN_0--\u003e科创板\u003c!--SECURE_LINK_END_0--\u003e\u003c!--SECURE_LINK_BEGIN_1--\u003e创业板\u003c!--SECURE_LINK_END_1--\u003e改革，深化再融资改革，加快健全多层次资本市场体系，推动优化私募股权创投，募投管内循环，增强对科技创新企业的全生命周期服务能力。\u003c!--NO_AD_2--\u003e\u003c!--EOP_2--\u003e\u003c/p\u003e\u003c!--PARAGRAPH_2--\u003e\u003cp\u003e陈华平表示，将进一步提升监管执法有效性，持续健全投资者教育服务和保护体系，坚持依法从严监管，突出打大、打恶、打重点，从严惩治各类恶性违法行为，推动更多特别代表人诉讼先行赔付等案例落地，增强投资者的信任和信心。\u003c!--NO_AD_3--\u003e\u003c!--EOP_3--\u003e\u003c!--NO_AD_4--\u003e\u003c!--EOP_4--\u003e\u003c/p\u003e\u003c!--PARAGRAPH_4--\u003e\u003c!--PARAGRAPH_3--\u003e\u003cdiv powered-by=\"ex-editor\"\u003e\u003c/div\u003e\u003cstyle\u003e.rich_media_content{--news-tabel-th-night-color: #444444;--news-font-day-color: #333;--news-font-night-color: #d9d9d9;--news-bottom-distance: 22px}.rich_media_content p:not([data-exeditor-arbitrary-box=image-box]){letter-spacing:.5px;line-height:30px;margin-bottom:var(--news-bottom-distance);word-wrap:break-word}.rich_media_content .qn-editor-copy p:not([data-exeditor-arbitrary-box=image-box]){letter-spacing:unset;line-height:unset;margin-bottom:unset;word-wrap:unset}.rich_media_content{color:var(--news-font-day-color);font-size:18px}@media(prefers-color-scheme:dark){body:not([data-weui-theme=light]):not([dark-mode-disable=true]) .rich_media_content p:not([data-exeditor-arbitrary-box=image-box]){letter-spacing:.5px;line-height:30px;margin-bottom:var(--news-bottom-distance);word-wrap:break-word}body:not([data-weui-theme=light]):not([dark-mode-disable=true]) .rich_media_content .qn-editor-copy p:not([data-exeditor-arbitrary-box=image-box]):not(.qn-editor-copy){letter-spacing:unset;line-height:unset;margin-bottom:unset;word-wrap:unset}body:not([data-weui-theme=light]):not([dark-mode-disable=true]) .rich_media_content{color:var(--news-font-night-color)}}.data_color_scheme_dark .rich_media_content p:not([data-exeditor-arbitrary-box=image-box]){letter-spacing:.5px;line-height:30px;margin-bottom:var(--news-bottom-distance);word-wrap:break-word}.data_color_scheme_dark .rich_media_content .qn-editor-copy p:not([data-exeditor-arbitrary-box=image-box]){letter-spacing:unset;line-height:unset;margin-bottom:unset;word-wrap:unset}.data_color_scheme_dark .rich_media_content{color:var(--news-font-night-color)}.data_color_scheme_dark .rich_media_content{font-size:18px}.rich_media_content p[data-exeditor-arbitrary-box=image-box]{margin-bottom:11px}.rich_media_content\u003ediv:not(.qnt-video),.rich_media_content\u003esection{margin-bottom:var(--news-bottom-distance)}.rich_media_content hr{margin-bottom:var(--news-bottom-distance)}.rich_media_content .link_list{margin:0;margin-top:20px;min-height:0!important}.rich_media_content blockquote{background:#f9f9f9;border-left:6px solid #ccc;margin:1.5em 10px;padding:.5em 10px}.rich_media_content blockquote p{margin-bottom:0!important}.data_color_scheme_dark .rich_media_content blockquote{background:#323232}@media(prefers-color-scheme:dark){body:not([data-weui-theme=light]):not([dark-mode-disable=true]) .rich_media_content blockquote{background:#323232}}.rich_media_content ol[data-ex-list]{--ol-start: 1;--ol-list-style-type: decimal;list-style-type:none;counter-reset:olCounter calc(var(--ol-start,1) - 1);position:relative}.rich_media_content ol[data-ex-list]\u003eli\u003e:first-child::before{content:counter(olCounter,var(--ol-list-style-type)) '. 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