The China Securities Regulatory Commission held a symposium in Beijing chaired by Wu Qing to gather views from representatives of eight foreign-funded securities, fund and futures institutions on work to prepare the capital market component of China’s 15th Five-Year Plan. Wu set out that the CSRC’s planning will focus on the work line of risk prevention, stronger regulation and promoting high-quality development, with STAR Market and ChiNext reforms used as key levers for deepening comprehensive investment and financing reform and advancing higher-level opening-up. Participants said the implementation of the “new State Council Nine-point guidelines” has supported progress in strengthening foundational制度, improving market functions, increasing listed companies’ investment value and expanding high-level opening-up, contributing to greater foreign interest in participating in China’s capital markets. Suggestions for the 15th Five-Year period included improving the capital market’s fit and coverage in serving the real economy and enhancing policy continuity and predictability, strengthening investor protection and corporate governance to further raise listed companies’ investment value, improving cross-border investment and financing facilitation and alignment with international standards and supervisory rules, and promoting two-way opening by supporting differentiated development of foreign institutions while enhancing domestic institutions’ global resource allocation capabilities. Wu said the CSRC will take forward the 15th Five-Year Plan work in line with the Fourth Plenum’s部署 and the forthcoming “Two Sessions,” while continuing to build a transparent, stable and predictable market environment and participating in and advancing reforms to global financial governance.

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