CSRC: Better play the functions of the stock, fund, bond, and futures markets

Odaily Planet Daily reports: The China Securities Regulatory Commission held a symposium on Party building and regulatory work. The meeting emphasized deepening reforms to enhance the inclusiveness and adaptability of the institutional framework. Implement all aspects of the integrated reforms for investment and financing, so that the functions of the stock, fund, bond, and futures markets can be better leveraged. Maintain strict regulation to uphold the “three publics” of the market. Adhere to focusing efforts on cracking down hard on major and severe misconduct, improve the quality and effectiveness of regulatory enforcement, and strictly investigate and punish violations such as financial fraud, insider trading, and market manipulation according to law. Strengthen oversight of new business activities and promote the application of artificial intelligence in regulation.

The meeting emphasized supporting excellence and restricting inferiority to help listed companies grow stronger and better. Further consolidate the comprehensive system for preventing and punishing financial fraud. Increase efforts to promote standardized corporate governance among listed companies. Continuously release the vitality of mergers and acquisitions and restructuring, and roll out more typical cases. Promote high-quality development in industry institutions through tiered and category-based approaches. Improve the “1+N+X” regulatory制度 system for securities firms. Accelerate the implementation of a package of measures to promote the standardized development of fund companies. Issue the futures company regulatory measures as soon as possible, and strongly promote the standardized and healthy development of private funds. Prevent problems before they occur, guard the risk bottom lines in key areas. Firmly safeguard the security and stability of financial market infrastructure, focusing on preventing and resolving risks of default related to financing platforms and real-estate-related bonds. Seventh, prudently and orderly deepen two-way opening of the capital market, and further strengthen cross-border regulatory cooperation. (Jin10)