The China Securities Regulatory Commission held an expanded Party committee meeting chaired by chairman Wu Qing to study the Fourth Plenum of the 20th Communist Party of China Central Committee and to deploy implementation measures for the securities regulator. The meeting framed the work programme around risk prevention, stronger supervision and high-quality development, including further deepening integrated investment and financing reforms to improve the capital market’s inclusiveness, adaptability and competitiveness in support of “15th Five-Year Plan” objectives. Priorities included strengthening market resilience through developing a higher-quality cohort of listed companies, fostering a “long-term money, long-term investment” ecosystem and building longer-term market stabilisation mechanisms. The CSRC also set out plans to deepen reforms of the STAR Market and ChiNext, strengthen the role of multi-tier equity markets including the New Third Board and private equity and venture capital, and enhance the functions of the bond and futures markets. On supervision, it prioritised tougher enforcement against serious securities and futures misconduct, faster deployment of digital and intelligent supervisory tools, stronger rule-of-law foundations and improved investor protection. The programme also called for deeper, orderly two-way opening of markets, products and institutions, building world-class exchanges, supporting Hong Kong’s role as an international financial centre, and strengthening international regulatory cooperation alongside enhanced risk controls. Next steps include organising system-wide training and communications on the plenum decisions, stepping up research, and developing capital market strategic tasks and major measures for the “15th Five-Year Plan” period, alongside completing annual work targets and concluding “14th Five-Year Plan” capital market priorities.

Original source View in tracker