Wu Qing, Chairman of the China Securities Regulatory Commission: In the past five years, the scale of stock investment in the fund industry has increased by 41% to 13.4 trillion yuan, accounting for 13.7% of the circulating market value of A shares.

On June 6, the China Securities Regulatory Commission released Wu Qing's speech at the 4th Member Representative Conference of China Securities Investment Fund Association. Wu Qing pointed out that in the past five years, the scale of stock investment in the fund industry has increased by 41% to 13.4 trillion yuan, and the market value of A-shares held in circulation has accounted for 13.7%. Rational investment, value investment, and long-term investment have become a broad consensus. At the same time, the fund industry has become an important partner for medium-and long-term funds such as social security, insurance, and annuities and an important trustee for equity investment. It has played a key role in optimizing the investor structure of the capital market, broadening channels for medium-and long-term funds to enter the market, increasing market liquidity, and reducing the market. Irrational fluctuations and other aspects.