China Securities Regulatory Commission concludes 'Central Eight-point Rules' education and deploys long-term conduct supervision measures

The China Securities Regulatory Commission’s Party committee held an enlarged meeting to convey higher-level Party guidance on implementing the Communist Party’s “Central Eight-point Rules” and to review the CSRC system’s related education programme. It concluded that the programme launched in March has been completed across the CSRC system and set out arrangements to institutionalise conduct and discipline requirements on an ongoing basis. The plan links ongoing conduct work with rectification actions arising from central inspection and central audit findings, and calls for a standing mechanism to identify and resolve problems, including addressing new manifestations of the “Four Winds” (formalism, bureaucratism, hedonism and extravagance). It also requires tighter monitoring of compliance with relevant rules, stricter discipline enforcement, stronger constraints and supervision over how power is allocated and exercised, more continuous management and supervision of officials, and a mechanism for joint investigation and remediation of misconduct and corruption. The meeting connected these internal governance measures with the capital-market agenda of risk prevention, stronger supervision and high-quality development, and referenced accelerating a new round of capital market reform and opening.