China Financial Policy report 2023: keeping the normal Operation of IPO and refinancing scientifically and rationally. The 2023 China Financial Policy report was released at the 2023 Tsinghua Wudaokou Global Financial Forum. For the development of the stock market in 2023, the report points out that China's stock market policy will scientifically and rationally maintain the normal operation of IPO and refinancing, and ensure the balanced development of the stock market by improving financial futures instruments. In view of the new development pattern, we should focus on supporting the innovation economy and improving the evaluation criteria for the attributes of scientific and technological innovation. The landing of the comprehensive registration system will help enterprises to facilitate direct financing, consolidate the responsibilities of intermediary agencies, crack down on illegal securities activities with a "zero tolerance" attitude, protect the achievements of the reform of the capital market, raise the requirements for information disclosure, and strengthen strict supervision. We will resolutely win the tough and protracted war to prevent and defuse major financial risks. Pay close attention to liquidity and leverage levels, and strictly guard against cross-market, cross-regional and cross-border risks.