2020年是中国资本市场正式创立的三十周年，也是资本市场持续深化改革的关键之年。创业板改革并试点注册制重大改革在深圳证券交易所顺利实施，以信息披露为核心的股票发行注册制覆盖面有序扩大。资本市场服务国家创新驱动和科技强国战略能力显著增强。资本市场深化改革全面推进，新《证券法》正式落地实施，市场基础制度完善取得了重要突破。多层次资本市场建设更加规范，新三板改革方案全面启动，分层制度平稳运行，多层次市场转板机制不断创新，区域性股权市场新制度新产品试点加快。资本市场双向开放稳步加深，外资投资比例限制进一步放宽。同时，中国资本市场在上市公司股票质押、国企债券违约等风险防控攻坚战方面取得明显成效。
The year 2020 marks the 30th anniversary of China’s capital market，and it is also a crucial year for the deepening reform. Reform of the registration system for the Growth Enterprise Board was carried out smoothly at the Shenzhen Stock Exchange，and the coverage of the registration system for stock issuance，which centers on information disclosure，was expanded in an orderly manner. The ability of the capital market to serve China’s strategy of driving innovation has been significantly enhanced. Deepening reform of the capital market was carried out across the board. The new Securities Law was formally implemented，the market-based system will be further improved. The development of multi-tiered capital markets have be more standardized. The reform plan of the New Third Board has been launched in an all-round way，the tiered system is operating smoothly，and the multi-tiered market transfer mechanism is constantly innovating. Pilot innovation of new systems and products in regional equity markets has be accelerated. The two-way development of the capital market has be steadily deepened，and limits on the proportion of foreign investment is further lifted. At the same time，China’s capital market has made remarkable progress in risk prevention，such as stock pledge of listed companies and default of SOE bonds.
