On improving the construction of China's capital market system, the Yangtze Industrial Economics Think Tank has put forward the following suggestions: firstly, the introduction of the registration system must be based on the establishment of an exit system; secondly, establish a reverse and automatic linkage mechanism between the number of IPO enterprises, the amount of funds rasied and the market index; thirdly, strengthen the dividend system of listed companies and encourage long-term investment; fourthly, consider auctioning the annual IPO indicators to thoroughly solve the problem of lifting the ban and cutting the stake of non-tradable share; fifthly, whether a company should be delisted or not is mainly based on the compliance and quality of information disclosure; sixthly, start with the ST stock delisting reform to build a delisting system; seventhly, strengthen the infrastructure construction of securities market with severe penal laws; eighthly, the regulatory policy must be neutral for a long time, and the regulatory boundary must be strictly adhered to; ninthly, draw lessons from the class action mechanism and give full play to the supervision role of civil claims.
