Wu Qing: Continue to deepen comprehensive reform of investment and financing, enhancing the inclusiveness, adaptability, attractiveness, and competitiveness of the system

On February 27, Wu Qing, Secretary of the Party Committee and Chairman of the China Securities Regulatory Commission (CSRC), held a symposium in Beijing. He engaged in in-depth exchanges with representatives from eight foreign-funded securities, fund, and futures institutions in China, thoroughly listening to their opinions and suggestions. Wu Qing stated that the CSRC will earnestly implement the decisions of the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China and the upcoming national “Two Sessions,” and will solidly carry out the work related to the “14th Five-Year Plan” for the capital market. The focus will be on researching and planning key measures to promote high-quality development of the capital market over the next five years. Wu Qing emphasized the importance of establishing and practicing a correct view of performance, focusing on risk prevention, strengthened regulation, and promoting high-quality development. The CSRC will adhere to market-oriented, rule-of-law, and internationalization directions, using the reform of the STAR Market and ChiNext as leverage to deepen comprehensive reforms in investment and financing, further improve the system, products, and services of the capital market, and enhance the system’s inclusiveness, adaptability, attractiveness, and competitiveness. This aims to better serve technological innovation and the development of new productive forces. Wu Qing also stressed the need to promote reform and development through opening-up, pushing the capital market toward deeper and higher levels of openness, actively participating in and advancing global financial governance reform, and continuously creating a transparent, stable, and predictable market environment. Foreign-funded institutions are important participants and witnesses in China’s capital market. They are encouraged to further leverage their advantages in global resource allocation, international perspective, and professional experience to contribute ideas and efforts toward the high-quality development of China’s capital market.