The China Securities Regulatory Commission published an account of Chairman Wu Qing’s visit to a securities branch in Beijing and an investor roundtable with eight representatives from different investor groups. The main message was a restatement of the commission’s priorities of preventing risks, strengthening supervision and promoting high-quality capital market development, while maintaining stable market operations and improving investor protection. Investor representatives said China’s capital market had generally remained stable and improved since the implementation of the new "Nine Guidelines," although the A-share market had recently seen sharp swings because of a combination of factors including imported external risks. They argued that the policy, innovation and safety logic underpinning the market since Sept. 26 had not changed, and called for stronger countercyclical adjustment across primary and secondary markets, more measures to bring medium- and long-term funds into the market, more orderly development of quantitative trading and artificial intelligence applications, higher dividend payouts by listed companies, and higher costs for securities violations and crimes. Wu said the commission would work to safeguard stable market operations, improve the transparency and authenticity of listed companies and their returns to investors, press industry institutions to operate in a more regulated way and improve investor services, and strengthen long-term investor protection mechanisms and fair market order.

Original source Back to tracker