The China Securities Regulatory Commission published an overview of how it processed proposals and suggestions submitted during the 2025 National People's Congress and Chinese People's Political Consultative Conference sessions, reporting completion of 286 items and presenting the work as a channel for feeding external input into capital-market supervision, risk prevention and reform. The caseload comprised 147 National People’s Congress motions and suggestions and 139 CPPCC proposals, focused on capital markets serving the real economy and technology innovation, maintaining stable market functioning, strengthening oversight and deepening reform. The CSRC described senior-level oversight, structured internal coordination and expanded engagement with delegates and members, including field visits to firms in Shanghai, Jiangsu, Sichuan and Hubei, and noted written praise for its handling of recommendations on standardising listed companies’ financial conduct. As examples of policy conversion, it highlighted a “zero tolerance” approach to listed-company financial fraud through stronger administrative and judicial coordination, enforcement in major cases including the Dongxu and Orient Group matters, and, in the Yuebo Power case, simultaneous accountability for a third party that assisted falsification. Investor-protection measures cited included improvements to civil compensation arrangements, support for special representative actions in cases such as Jintongling, Meishang Ecology and Jinzhou Port, and the launch of an upfront compensation mechanism in the Guangdao Digital case; it also pointed to public fund reforms and three phases of fee reductions expected to save fund investors more than CNY 50bn annually, alongside STAR Market “1+6” reforms, work to deepen ChiNext reform and exchange-led measures to optimise refinancing. With the 2026 “Two Sessions” approaching, the CSRC said it will continue to follow the National People’s Congress and CPPCC arrangements for handling proposals and step up its processing work.
China Securities Regulatory Commission 2026-02-28
China Securities Regulatory Commission reports completion of 286 2025 National People's Congress and CPPCC proposals and ties outcomes to enforcement and market reforms
The China Securities Regulatory Commission (CSRC) reported on handling 286 proposals from the 2025 National People's Congress and Chinese People's Political Consultative Conference, emphasizing its role in capital-market supervision and reform. Key initiatives included a "zero tolerance" approach to financial fraud, enhanced investor protection measures, and significant public fund reforms. The CSRC plans to continue its engagement and processing efforts for the 2026 "Two Sessions."