The Tianjin Municipal Local Financial Administration, the Tianjin Securities Regulatory Bureau, the Tianjin Branch of the People's Bank of China, and the Tianjin Financial Supervisory Authority have formulated a package of measures to implement recent capital market reform policies. In terms of improving the quality of listed companies, the focus is on promoting listed companies to strengthen mergers and acquisitions, market value management, refinancing, and protection of the legitimate rights and interests of small and medium-sized investors. In terms of strengthening the cultivation of listed companies, the focus is on promoting the listing of technology-based enterprises, strengthening training for companies to be listed, and improving the quality of enterprises preparing for listing. In promoting the development of private equity funds, give full play to the role of the government as a guide fund, relax restrictions on the return ratio, investment concentration, and place of registration of general partners, and focus on building a pilot fund group for equity investment in financial asset investment companies. In terms of supporting the stable development of the stock market, we support eligible securities companies, public funds, and insurance companies in Tianjin to be included in the list, declare exchange facilities, revitalize existing assets, and enhance their ability to obtain capital and increase their stock holdings. In terms of giving full play to the functions of the futures market, an implementation plan will be formulated to promote the high-quality development of the futures industry in Tianjin to better guide the high-quality development of the futures service real economy.

The Tianjin Municipal Local Financial Administration, the Tianjin Securities Regulatory Bureau, the Tianjin Branch of the People's Bank of China, and the Tianjin Financial Supervisory Authority have formulated a package of measures to implement recent capital market reform policies. In terms of improving the quality of listed companies, the focus is on promoting listed companies to strengthen mergers and acquisitions, market value management, refinancing, and protection of the legitimate rights and interests of small and medium-sized investors. In terms of strengthening the cultivation of listed companies, the focus is on promoting the listing of technology-based enterprises, strengthening training for companies to be listed, and improving the quality of enterprises preparing for listing. In promoting the development of private equity funds, give full play to the role of the government as a guide fund, relax restrictions on the return ratio, investment concentration, and place of registration of general partners, and focus on building a pilot fund group for equity investment in financial asset investment companies. In terms of supporting the stable development of the stock market, we support eligible securities companies, public funds, and insurance companies in Tianjin to be included in the list, declare exchange facilities, revitalize existing assets, and enhance their ability to obtain capital and increase their stock holdings. In terms of giving full play to the functions of the futures market, an implementation plan will be formulated to promote the high-quality development of the futures industry in Tianjin to better guide the high-quality development of the futures service real economy.