The China Securities Regulatory Commission said members of its Party committee held separate meetings on July 20 and 21 with 29 representatives from listed companies, securities and fund institutions, and academia to gather views on promoting the stable and healthy development of the capital market. The update does not set out new rules. Instead, it highlights a consultation exercise centered on market stability, with the commission saying it will study and absorb the proposals raised, respond to market concerns, strengthen core market institutions, improve investor protection mechanisms and balance risk prevention, supervision and high-quality development. Participants discussed current market conditions and argued that the basis for stable market operation has strengthened, citing changes in the market ecosystem since the release of the new State Council "Nine Guidelines" and the continued effects of broader investment and financing reforms. The main suggestions focused on strengthening foundational capital market systems, implementing a long-cycle assessment mechanism for medium and long-term funds, improving listed company compliance and governance, further regulating quantitative trading, intensifying penalties for market misconduct, strengthening expectation management and further institutionalizing market stabilization mechanisms. The commission also called on listed companies to improve compliant operations and core competitiveness, on industry institutions to increase countercyclical positioning and investor services, and on experts to contribute policy advice and rational public commentary.

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