The China Securities Regulatory Commission (CSRC) published an update on its handling of proposals and suggestions submitted through China’s 2024 “Two Sessions”, reporting that it processed 424 items and completed all responses within the required timeframe, with improved efficiency and quality. It also outlined how selected recommendations were translated into capital market policy measures, supervisory rules and enforcement priorities. The caseload comprised 202 proposals and suggestions from the National People’s Congress and 222 proposals from the Chinese People’s Political Consultative Conference. The CSRC said the submissions focused on supporting the real economy and “new quality productive forces”, strengthening the capital market’s internal stability, and cracking down on illegal and non-compliant conduct. It highlighted organisational measures including senior-level oversight, end-to-end engagement with deputies and members before, during and after case handling, tighter tracking and quality control of written replies, and assessment and evaluation arrangements. On outcomes, the CSRC pointed to incorporating recommendations into the capital market “1+N” policy documents, issuing the “eight measures” for the Sci-Tech Innovation Board and the “six measures” on mergers, acquisitions and restructuring, jointly releasing guidance and an implementation plan to promote medium- and long-term funds entering the market, and advancing a comprehensive framework to punish and prevent financial fraud. With the third session of the 14th National People’s Congress and the third session of the 14th CPPCC National Committee approaching, the CSRC said it will continue to support deputies and members in performing their duties and further refine its mechanisms for handling proposals, aligned with its work focus on risk prevention, stronger supervision and high-quality development.

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