Recently, Wang Jianjun, Vice Chairman of the China Securities Regulatory Commission (CSRC), stated at the work promotion meeting on financial support for the development of private enterprises that going forward, the CSRC will thoroughly implement the major decisions and deployments of the CPC Central Committee and the State Council, and ensure that all tasks of the capital market in supporting the development of private enterprises are fully implemented and take effect. Wang Jianjun noted that efforts will be made to deepen and solidify the registration-based IPO reform, optimize the "small-value fast-track" review mechanism for mergers and acquisitions (M&A) and restructuring, and provide more fresh impetus for the growth of private enterprises. We will build a main battlefield for serving innovative small and medium-sized enterprises, and further improve the support mechanism for private enterprises' bond financing. Wang Jianjun said that we will optimize the policy environment for the development of private enterprises, and enhance the accuracy, effectiveness and coordination of policies. We will timely respond to the concerns of private enterprises, implement the regular supervision arrangements for platform enterprises, promote eligible platform enterprises to go public both domestically and abroad in accordance with laws and regulations, support eligible private enterprises to go public overseas, and make good use of both markets and two systems. Regarding improving the market risk-sharing mechanism, Wang Jianjun stated that we will thoroughly implement the special support plan for private enterprises' bond financing, support securities companies to increase their investment in private enterprises, encourage their participation in private enterprises' equity financing, expand investment channels for private enterprises through private placement and asset management plans, and support securities companies to actively carry out credit derivative business to provide credit support for bond financing. Wang Jianjun also said that we will promote the resolution of prominent risks in sectors such as real estate, promote private listed companies to improve their corporate governance structure, establish and improve internal responsibility systems, focus on their core businesses and excel in their respective fields, ensure the implementation of the upcoming financial support policies for the development of private enterprises, support real estate listed companies to raise funds in the capital market, and properly handle the risks of private real estate enterprises. Wang Jianjun stated that in the future, the CSRC will carefully study the opinions and suggestions put forward by entrepreneurs, further strengthen communication and cooperation with the All-China Federation of Industry and Commerce (ACFIC) and various ministries and commissions, pool the collective strength for financial support to the development of private enterprises, fully implement the central government's decisions and deployments on supporting the development of private enterprises, and fully promote the high-quality development of private enterprises. © 2021 Meishun (Hong Kong) Management Consulting Co., Ltd. and Meishun (Hangzhou) Management Consulting Co., Ltd., all rights reserved. Meishun Meiyin (Hangzhou) Consulting and Management Co., Ltd. is the domestic subsidiary of Hong Kong Meishun Management Consulting Co., Ltd. under the same actual controller. Both companies are under the same actual controller, managed under the framework of one China, and comply with the laws of Hong Kong and the Chinese mainland.