The China Securities Regulatory Commission (CSRC) published its 2026 legislative work plan, setting out an agenda for securities and futures rulemaking aimed at strengthening the capital markets legal framework, tightening supervision in key areas and protecting small and medium investors. The plan includes 20 regulatory projects, split between eight priority items the CSRC aims to issue within 2026 and 12 items to be researched on an accelerated basis for issuance when appropriate. Priority projects include revisions to the registration-based securities issuance measures for listed companies and for Beijing Stock Exchange listed companies, with changes intended to optimise the refinancing review and registration mechanism. The CSRC also plans to issue new measures covering private investment fund fundraising supervision, derivatives trading supervision, listed company equity incentives and employee shareholding plans, and determination of “illegal gains” in CSRC administrative penalty cases, alongside revisions to the measures governing the operation of publicly offered securities investment funds and futures company supervision. Items under accelerated research include measures for private fund custody supervision, management rules for securities and fund investment advisory business, interim supervision measures for publicly offered real estate investment funds, and revisions to rules on fund custody, margin financing and securities lending, and information technology management for securities, futures and fund operating institutions, as well as updates to frameworks for securities exchanges, securities registration and settlement, futures practitioners, futures risk regulatory indicators and market integrity supervision. Alongside the CSRC’s own rulemaking, the plan envisages work with State Council departments on drafting and revising administrative regulations covering securities companies, listed companies, real estate investment funds and securities and futures investment consulting, promoting amendments to the Securities Investment Fund Law, and supporting relevant judicial bodies on securities and futures-related judicial interpretations. The CSRC indicated it will continue to seek input from market participants and the public as it implements the plan.
China Securities Regulatory Commission 2026-04-10
China Securities Regulatory Commission sets out 2026 rulemaking plan with 20 projects spanning refinancing registration, private funds and derivatives oversight
The China Securities Regulatory Commission’s 2026 legislative work plan outlines 20 securities and futures regulatory projects to strengthen the capital markets legal framework, tighten supervision and enhance protection of small and medium investors. Priority items include revising registration-based issuance measures, issuing new rules on private fund fundraising and derivatives trading, and updating frameworks for equity incentives, employee shareholding plans, publicly offered funds and futures company supervision. The plan also calls for coordinated work with State Council departments on administrative regulations and amendments to the Securities Investment Fund Law, and support for judicial interpretations on securities and futures.