The China Securities Regulatory Commission (CSRC) held the 22nd meeting of its International Advisory Council in Beijing, focusing on how innovation, inclusiveness and openness can better support the capital market’s high-quality development. Ahead of the meeting, Vice Premier He Lifeng met with some council members and reiterated plans to deepen capital market reform and expand high-standard opening in the financial sector, while encouraging more foreign financial institutions and long-term capital to invest and operate in China. Council chair Howard Davies and 12 members joined CSRC chair Wu Qing and vice chair Li Ming to discuss the opportunities and challenges that emerging technologies bring to capital markets, measures to improve the system’s inclusiveness and better serve high-quality development, approaches to advance high-standard opening, and ways to address risk challenges amid global shifts. Members also assessed that since the government introduced a package of incremental measures the previous September, China’s capital market had made new progress in risk prevention, stronger supervision and high-quality development, alongside improved investor confidence and greater attractiveness of Chinese assets. Advisory recommendations covered better aligning investment and financing functions, improving the inclusiveness and adaptability of market institutions, building an ecosystem to support “long-term money, long-term investment”, strengthening bond and futures market functions, applying technology to market development and regulation, advancing institutional opening-up, and deepening international regulatory cooperation; the meeting was held during the 2025 Financial Street Forum Annual Conference.

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