The reporter learned from the China Securities Regulatory Commission that on March 11, the Party Committee of the China Securities Regulatory Commission held an enlarged meeting to deeply study the spirit of General Secretary Xi Jinping’s important speech during the National Two Sessions and the spirit of the National Two Sessions, and study and deploy specific measures to implement the capital market. The meeting proposed that we should take the deepening of comprehensive investment and financing reform as a driving force to fully launch and implement a new round of capital market reform.
The CSRC stated that the 2025 Government Work Report fully implemented the deployment of the Central Economic Work Conference, fully reflecting the strategic orientation of high-quality development and the proactive policy orientation, and further clarified the "task book" and "construction drawing" to do a good job in economic and social development this year. The CSRC system must focus on the main line of preventing risks, strengthening supervision, and promoting high-quality development, strengthening the foundation, strictly supervising and strictly managing, and do its own business in the capital market.
First, make every effort to consolidate the market's steady and positive momentum. Strengthen listed companies to enhance their awareness and ability to return investors, and make greater efforts to promote the implementation of medium- and long-term capital market entry guidelines and implementation plans, strengthen strategic reserves of forces and market stabilization mechanisms, and resolutely defend the bottom line of risk.
The second is to continue to increase efforts in supporting scientific and technological innovation and the development of new quality productivity. Enhance the inclusiveness and adaptability of the system, support the issuance and listing of high-quality unprofitable technology companies, safely restore the application of the fifth set of standards on the Science and Technology Innovation Board, and launch typical cases with demonstration significance as soon as possible to better promote the integrated development of scientific and technological innovation and industrial innovation.
The third is to further comprehensively deepen capital market reform. Driven by deepening the comprehensive reform of investment and financing, we will fully launch and implement a new round of capital market reform, promote the smooth implementation of various reform measures, and achieve tangible reform results.
Fourth, firmly expand high-level institutional opening up of the capital market. Research and formulate an overall plan for the opening up of the capital market, steadily expand cross-border interconnection, effectively improve the quality and efficiency of overseas listing filing, further improve the convenience of cross-border investment and financing, and better achieve the promotion of reform and development through opening up.
Fifth, focus on improving the effectiveness of supervision and law enforcement. Adhere to strict punishment in accordance with the law and strict prevention in accordance with the responsibilities, accelerate the improvement of the regulatory laws and regulations system, strengthen technological empowerment, enhance the penetration of non-site supervision and on-site inspections, and crack down on vicious violations quickly, accurately and severely.
Sixth, accelerate the construction of the "three excellent" supervision iron army. Deepen the comprehensive and strict governance of the Party in the CSRC system and fight the tough battle of concentrated rectification of inspections. Adhere to the combination of strict management and kindness, promote cadres to effectively strengthen their political responsibility for performing their duties, and continuously improve the purity, professionalism and combat effectiveness of the cadre team.
