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

Odaily报道, The China Securities Regulatory Commission (CSRC) held a meeting on Party building and regulatory work. The meeting emphasized deepening reforms to enhance institutional inclusiveness and adaptability, and implementing various measures for comprehensive investment and financing reforms to better leverage the functions of stock, fund, bond, and futures markets. It stressed strict supervision to maintain market "fairness, openness, and transparency," focusing on cracking down on major and egregious violations, improving the quality and effectiveness of regulatory enforcement, legally investigating and severely punishing illegal activities such as financial fraud, insider trading, and market manipulation, strengthening supervision over new business types, and promoting the application of artificial intelligence in regulation.

The meeting also emphasized supporting superior companies while restricting inferior ones to promote the quality and strength of listed companies. It aims to further solidify the comprehensive system for preventing and punishing financial fraud, push listed companies to improve corporate governance with greater effort, continuously unlock the vitality of mergers and acquisitions, and introduce more exemplary cases. It will promote the high-quality development of industry institutions in a stratified and categorized manner, improve the "1+N+X" regulatory system for securities companies, accelerate the implementation of a package of measures to promote the standardized development of fund companies, issue regulatory measures for futures companies as soon as possible, and vigorously promote the standardized and healthy development of private equity funds. The meeting stressed the importance of nipping risks in the bud and firmly guarding the bottom line of risks in key areas. It resolutely maintains the safety and stability of capital market financial infrastructure, focusing on preventing and resolving financing platform and real estate-related bond default risks. Seventh, it will steadily and orderly deepen the two-way opening of the capital market and further strengthen cross-border regulatory cooperation. (Jin Shi)