At the 15th Lujiazui Forum, Wu Qing, Secretary of the Party Committee and Chairman of the China Securities Regulatory Commission, explained the reform path of high-quality development of the capital market. Xun Yugen, chief economist at Haitong Securities, commented that Wu Qing's speech had four major highlights: deepening the reform of the Star Market, issuing 8 measures to deepen the reform of the Star Market, and actively embracing the development of new efficient production capacity; enhancing the investment value of listed companies; strengthening investor protection, emphasizing that investor protection should be integrated into the whole process of capital market system construction and regulatory law enforcement; and supporting the construction of the international financial center in Shanghai. "Wu Qing's speech reflects the China Securities Regulatory Commission's determination to deepen the reform of the capital market, strengthen supervision, protect the rights and interests of investors, and support the construction of the international financial center, forming a closed loop and promoting the stability and healthy development of the capital market," said Xun Yugeng. Xun Yugeng said that these reform measures are aimed at promoting the deep integration of the capital market and technological innovation, increasing the proportion of direct financing in the market, strengthening investor protection, promoting the formation and effective allocation of capital, and contributing to the construction of a strong financial country. At the same time, supporting the construction of the Shanghai International Financial Center will also enhance Shanghai's influence in the global resource allocation, and promote the "Shanghai price" as an important reference in the global financial market.