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

Odaily Planet Daily News 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. It called for the detailed implementation of comprehensive investment and financing reform measures to better leverage the functions of the stock, fund, bond, and futures markets. Strict supervision will be enforced to maintain market "fairness, justice, and openness." The focus will be on cracking down on major and severe violations, improving the quality and efficiency of regulatory enforcement, strictly investigating and punishing illegal activities such as financial fraud, insider trading, and market manipulation according to law. It will also strengthen supervision over new business types and promote the application of artificial intelligence in regulation.

The meeting stressed supporting excellence and restricting inferiority to promote listed companies to become stronger and better. It called for further consolidating the comprehensive system for preventing and punishing financial fraud, promoting listed companies to standardize their governance with greater effort, continuously releasing the vitality of mergers and acquisitions, and launching more typical cases. It aims to 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, promptly introduce regulatory measures for futures companies, and vigorously promote the standardized and healthy development of private equity funds. The meeting also stressed the need to prevent minor issues from becoming major problems and to firmly guard the bottom line of risks in key areas. It is determined to resolutely maintain the safety and stability of the capital market's 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)