我想谈谈资本市场改革与发展亟待聚焦解决的重点问题。我有一个理论架构,这个理论架构是一个金字塔式的结构,底层要有适宜的制度和政策文化环境,整个社会资源错配最小化。第二,有高效率的实体经济,实业投资有持续的高回报。第三,金融投资持续高回报,比如人民币要成为国际强势货币成为全球储备货币。在全球强国的竞争过程中,我概括为谁能够提供全球最高的金融投资收益率,谁的金融中心才能成为全球首屈一指的金融中心。第二,谁有最出色的实体经济部门,最高的平均的实体经济投资收益率,谁才能够持续提供全球最高的金融投资收益率。第三,谁的 I would like to talk about the key issues to be resolved urgently in the reform and development of the capital market. I have a theoretical framework. The theoretical framework is a pyramid structure. The bottom should have a suitable institutional and policy culture environment, and the misallocation of the entire social resources should be minimized. Second, there is an efficient real economy, and industrial investment has sustained high returns. Third, the sustained high return on financial investment, such as the renminbi to become a strong international currency to become a global reserve currency. In the process of global power competition, I outline who can provide the world’s highest rate of return on financial investment, and whose financial center can become the world’s premier financial center. Second, whoever has the best real economy sector and the highest average rate of return on real economy investment can continue to provide the world’s highest financial return on investment. Third, who’s