: Building a capital market union is a core project of the European Union, facing not only brexit but also the need to recover from COVID-19. The recently published High Level Forum Report adresses these obstacles and suggests 17 precise, mutually reinforcing and interdependent recommendations for this European endeavour. The paper summarizes the four substantive areas of the High Level Forum’s recommendations and outlines the specific measures to create a harmonized capital market union: (i) promoting financing of business, (ii) creating a uniform market infrastructure, (iii) fostering individual investor’s engagement and (iv) tackling obstacles to cross-border investment.

中文翻译：

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构建资本市场——欧盟资本市场联盟高层论坛最终报告

：建立资本市场联盟是欧盟的核心项目，不仅面临英国脱欧，而且需要从 COVID-19 中恢复过来。最近发布的高级别论坛报告解决了这些障碍，并为这项欧洲努力提出了 17 条精确、相辅相成和相互依存的建议。该文件总结了高层论坛建议的四个实质性领域，并概述了创建统一资本市场联盟的具体措施：(i) 促进企业融资，(ii) 创建统一的市场基础设施，(iii) 促进个人投资者的参与(iv) 解决跨境投资的障碍。