Comprehensive measures to deepen investment and financing reforms, CSRC chairman says

Wu Qing, chairman of the China Securities Regulatory Commission, vowed on Monday a show of measures to deepen comprehensive capital market reform from both the fronts of investment and financing, underscoring China's strong commitment to fostering the steady, healthy development of its capital market.

Pledging to enhance the inclusiveness, adaptability, attractiveness and competitiveness of China's capital market, Wu said a new work plan to optimize the qualified foreign investor regime and a guideline focusing on the protection of small and medium-sized investors, effective on Monday, will expand market access to foreign investors while creating a fairer trading environment.

On the financing side, the CSRC will advance reform on Shenzhen's ChiNext to set up listing standards more inclusive to innovative enterprises in emerging fields and future industries, adding that the first batch of newly registered enterprises in the growth layer of Shanghai's STAR Market will go public on Tuesday.

Speaking at the Annual Conference of Financial Street Forum 2025, Wu said the commission will launch a shelf offering system for refinancing at an appropriate time to support mergers and acquisitions while encouraging listed companies to reward shareholders through dividends and share buybacks.

He added that measures will also be taken to further improve connectivity mechanisms between the mainland and Hong Kong markets, enhance the efficiency of the registration process for overseas listings, and continue to crack down on financial misconduct such as accounting fraud, market manipulation and insider trading to strengthen investor confidence.