The China Securities Regulatory Commission (CSRC) convened an expert symposium on the capital market 15th Five-Year plan and 2026 capital market work, alongside a meeting establishing the China Capital Market Society’s Academic Committee. CSRC Chairman Wu Qing indicated the CSRC will press ahead with the plan’s preparation and implementation, focusing on risk prevention, stronger supervision and supporting high-quality development, while deepening integrated reforms to investment and financing and steadily expanding institutional, high-standard opening-up. The new Academic Committee is positioned as a vehicle to strengthen capital market theory and provide think-tank support, with research to be market-based, rule-of-law aligned and internationally oriented, and to focus on issues including market inclusiveness and attractiveness, pricing efficiency, financial technology and legal development. Expert feedback on the 15th Five-Year plan and 2026 priorities included calls to make issuance, listing and trading rules more inclusive and adaptable to attract high-quality firms in “new quality productive forces” sectors; expand the supply of patient, long-term and strategic capital; keep the mergers and acquisitions and restructuring market active alongside strict, normalised delisting; develop governance and supervision for artificial intelligence applications in capital markets; intensify action against financial fraud; and strengthen investor protection and education.

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