Svmuu News: The China Securities Regulatory Commission (CSRC) convened a symposium on Party building and regulatory work. The meeting emphasized deepening reforms to enhance the inclusiveness and adaptability of the regulatory framework. It called for the thorough implementation of all measures under the comprehensive reform of investment and financing to better leverage the functions of the stock, fund, bond, and futures markets. Strict regulation will be enforced to uphold the “three principles of fairness” in the market. The Commission will continue to focus on cracking down on major, malicious, and key violations, improve the quality and efficiency of regulatory enforcement, strictly investigate and punish illegal activities such as financial fraud, insider trading, and market manipulation in accordance with the law, strengthen oversight of new business models, and advance the application of artificial intelligence in regulation.
The meeting emphasized supporting high-quality companies and restricting substandard ones to help listed companies become stronger and more competitive. Efforts will be made to further consolidate the comprehensive system for preventing and punishing financial fraud, promote standardized corporate governance among listed companies with greater vigor, continuously unleash the potential of mergers and acquisitions, and showcase more exemplary cases. High-quality development of industry institutions will be promoted through tiered and categorized approaches. We will improve the “1+N+X” regulatory framework for securities firms, accelerate the implementation of a package of measures to promote the standardized development of fund management companies, issue regulatory measures for futures companies as soon as possible, and vigorously promote the standardized and healthy development of private equity funds. We will nip problems in the bud and safeguard against risks in key areas. We will resolutely safeguard the security and stability of the capital market’s financial infrastructure, focusing on preventing and resolving default risks associated with financing platforms and real estate-related bonds. Seventh, we will prudently and orderly deepen the two-way opening of the capital market and further strengthen cross-border regulatory cooperation. (Jin Shi)