□推动IPO市场化改革，减少行政审批 - push IPO market reform,Reduce administrative examination and approval

　　□改进退市机制，让退市成为一种常态 - improvement to withdraw from the market mechanism,Let retreat city become a normal

　　□未来将鼓励更多上市公司分红 - the future will encourage more listed companies share out bonus

　　□监管部门在积极研究QFII2和RQFII2 - supervision department in the positive research QFII2 and RQFII2

　　□目前国债期货仿真交易顺畅，原油期货准备工作顺利，未来经国务院批准后推出 - current Treasury futures simulation transaction smoothly,Crude oil futures preparation work well,The future with the approval of the state council after launch

　　⊙记者 郭玉志 ○编辑 衡道庆

⊙ reporter GuoYuZhi ○ HengDaoQing editor

　　中国证监会主席郭树清昨日在出席《经济学人》领军者金融峰会时表示，未来资本市场将进一步推动市场化改革，减少审批等行政手段，进一步深化新股发行体制改革，“有什么问题解决什么问题”，同时，改进退市机制，从而让退市成为一件正常的事情，成为一种常态。此外，还将修改相关方面法律，鼓励培育长期投资者。

The China securities regulatory commission chairman GuoShuQing yesterday in attendance[economist]Leader in financial summit said,The capital market will further promote the market reform,Reduce the means of administration such as examination and approval,To further deepen the reform of the system of new shares issued,"What's the problem to solve any problem",At the same time,Improvement to withdraw from the market mechanism,Thus let delisted becomes a normal thing,Become a normal.In addition,Will modify related aspects of the law,Encourage foster long-term investors.

　　同时，郭树清透露，目前国债期货仿真交易顺畅，原油期货准备工作同样顺利，未来经国务院批准后将推出。

At the same time,GuoShuQing revealed,At present the t-bond futures trading is smooth,Crude oil futures preparations as well,The future will be launched after approved by the state council.

　　据介绍，2012年，作为资本市场的监管部门，证监会大力推进资本市场市场化改革，改善市场结构，尤其是债券市场和股票市场，提高期货市场融资比重。

According to introducing,In 2012,,As a capital market supervision department,Promoting capital market securities market reform,Improve market structure,Especially the bond market and the stock market,Improve the proportion of futures market financing.

　　此外，证监会大力推进多层次资本市场建设，构建场外市场，并与包括央行在内的多个部委建立了跨部委的协调机制。在此基础上，市场取得明显积极的结构变化。

In addition,Securities regulatory commission to vigorously push forward the construction of multi-level capital market,Build otc market,And in which central bank, a number of ministries and commissions across ministries and commissions established coordination mechanism.On the basis of,The market has distinct positive structure change.

　　统计数据显示，2012年，我国资本市场投资者结构趋向合理，专业机构投资者所持A股流通市值占比17.4%，较2011年底上升1.7个百分点；个人持股占比25.3%，下降1.2个百分点，交易额下降4个百分点；股价结构不合理有所扭转，蓝筹股估值回归，上证50指数上涨14.8%，远高于上证综合指数3.2%，股票市场的波动振幅明显缩小。

Statistics show,In 2012,,China's capital market investors tend to reasonable structure,Major institutional investors in the a-share market circulation of more than 17.4%,By the end of 2011 is up 1.7%;The individual holding accounts for more than 25.3%,Fell by 1.2%,Turnover fell by 4%;Share price structure is not reasonable to reverse,Blue chip stock valuations regression,The Shanghai fifty index rose 14.8%,The Shanghai composite index is much higher than 3.2%,The stock market fluctuation amplitude decrease.

　　郭树清表示，目前上市公司尤其是蓝筹公司，比如沪深300公司，分红收益率为2.66%，已经超过美国标普500，其中有81家公司股票分红收益率超过3%，未来将鼓励更多上市公司分红。

GuoShuQing said,At present the listed company especially blue chip companies,Such as Shanghai and shenzhen 300 companies,Dividends yield is 2.66%,Has more than the s&p 500,There are 81 companies stock dividends yield more than 3%,The future will encourage more listed companies share out bonus.

　　对于资本市场的改革开放，证监会未来将按照“逐步实现人民币资本项目可兑换”的总体要求，从中国资本市场发展的实际需要出发，稳步提高市场开放的广度和深度。

For the capital market of reform and opening up,The future will be in accordance with the CSRC"Gradually make the yuan convertible under capital accounts"Overall request,China's capital market development from the practical needs,Improved steadily market open width and depth.

　　郭树清表示，目前，人民币的资本账户可兑换性实际上是很高的，但是需要重新定义一些概念，比如什么是人民币的资本账户可兑换性。根据监管部门所做的现状评估，我国资本账户七大类别的40个项目全都不同程度地实现了可兑换，不存在完全不可兑换的项目，不过，未来兑换性必须进行管制。

GuoShuQing said,At present,RMB capital account convertibility, is actually very high,But need to define some concepts,Such as what is RMB capital account convertibility,.According to the present situation of the supervision department do evaluation,China's capital account seven categories of forty projects are all different degree realizes the convertible,Does not exist completely nonconvertible project,but,The future for sex must be controlled.

　　“中国在改革开放方面已经有了巨大的进展和成就，未来我们要继续推进资本市场的开放，要继续实现人民币的全面可兑换性。”郭树清透露，首先，鼓励平衡的双向组合投资，同时也支持双向FDI；第二，要提高中国居民在海外市场中投资的便捷化程度，特别是QDII项目推出之后，试点推出QDII2，监管部门也在积极研究QFII2和RQFII2，但是必须是合格投资者，并对其进行遴选，不是所有人想投就能投的，须符合一定的资质，有所控制；第三，进一步鼓励中介机构更好地服务跨境投资，鼓励更多的期货公司和财富管理机构，建立一些合资的金融中介机构，目前外资持股比例可以达到49%，未来可以考虑让外资充分参与，持股比例达到50%以上。

"China's reform and opening up have a great progress and achievements,In the future, we will continue to promote the opening of the capital market,Will continue to make the yuan comprehensive convertibility."GuoShuQing revealed,First of all,Encourage balanced two-way portfolio,At the same time also support two-way FDI;The second,In order to improve Chinese residents in the overseas market investment convenient degree,Especially the QDII program after launch,QDII2 launched pilot,Regulators are actively research QFII2 and RQFII2,But must be qualified investors,And carries on the selection,Not all people want to throw to throw,Must meet certain qualifications,To control;The third,Further encourage intermediaries better serve the cross-border investment,Encourage more futures companies and wealth management mechanism,Set up some joint venture financial intermediaries,At present foreign shareholding ratio can reach 49%,The future can consider to let foreign full participation in,Shareholding ratio above 50%.