证监会: Better Leverage the Functions of Stock, Fund, Bond, and Futures Markets

Odaily Planet Daily News: China Securities Regulatory Commission (CSRC) held a meeting on party building and regulatory work. The meeting emphasized deepening reforms to enhance the inclusiveness and adaptability of the system. It called for the implementation of various measures in the comprehensive reform of investment and financing to better leverage the functions of stock, fund, bond, and futures markets. Strict supervision will be enforced to maintain "fairness, justice, and transparency" in the market. The focus will be on cracking down on major, severe, and key violations, improving the quality and efficiency of regulatory enforcement, and legally and strictly investigating and punishing illegal activities such as financial fraud, insider trading, and market manipulation. It also stressed strengthening supervision over new types of businesses and promoting the application of artificial intelligence in regulation.

The meeting emphasized supporting the strong and restricting the weak to promote listed companies to become better and stronger. It called for further consolidating the comprehensive system for punishing and preventing financial fraud, driving listed companies to improve their corporate governance with greater force, continuously unleashing the vitality of mergers and acquisitions, and introducing more typical cases. It aims to promote the high-quality development of industry institutions in a tiered and differentiated manner. This includes improving the "1+N+X" regulatory system for securities companies, accelerating the implementation of a package of measures to promote the standardized development of fund companies, issuing regulatory measures for futures companies as soon as possible, and vigorously promoting the standardized and healthy development of private equity funds. It is crucial to take preventive measures to firmly guard the bottom line of risks in key areas. It will resolutely maintain the security and stability of the capital market's financial infrastructure, and focus on preventing and resolving default risks of financing platforms and real estate-related bonds. Seventh, it will steadily and orderly deepen the two-way opening of the capital market and further strengthen cross-border regulatory cooperation. (Jin Shi)