Stable listing rules key to boosting real economy

Serving the real economy is the inherent duty of finance, which in turn facilitates the high-quality development of the stock market. Statistics show that more than half of A-share listed companies and 80 percent of high-tech enterprises in China have benefited from private equity financing. And given the government's focus on technological innovation as the core driving force of economic development, the role of private equity financing in boosting the real economy has become even more important.

In China, the primary channel of private equity investment is through initial public offerings (IPOs). This means one of the crucial ways the stock market supports the real economy is by offering a stable investment channel for private equity funds.

Private equity investments often encompass lengthy investment periods, with earlier and smaller investments requiring longer commitments. This long-term nature necessitates that investors foresee the safety and feasibility of their investment channels, or exit strategies.