China's securities regulator chief Wu Qing pledged on Friday to advance capital market opening to a higher level and reform the STAR Market and ChiNext to better support technological innovation. Representatives from foreign financial institutions noted that since the 2024 nine-point guideline, China's capital market has significantly boosted its appeal to foreign investors. They suggested enhancing policy continuity and aligning with international standards.
China Securities Regulatory Commission (CSRC) Chairman Wu Qing held a symposium in Beijing on Friday with representatives from eight foreign-funded securities, fund, and futures institutions operating in China. The meeting aimed to gather suggestions for the capital market during the 15th Five-Year Plan period (2026-2030).
Participants stated that since the release of a nine-point guideline in 2024, China's capital market has markedly strengthened its appeal to foreign investors and institutions. They suggested further measures to improve policy continuity and predictability, enhance corporate governance, align more closely with international standards, and support the differentiated development of foreign institutions.
Wu said the CSRC will take reforms of the STAR Market and ChiNext as key drivers to deepen comprehensive reforms in investment and financing, better serving technological innovation and the development of new quality productive forces. He stressed efforts to push the country's capital market opening to a higher level and continue creating a transparent, stable, and predictable market environment.
This pledge underscores China's initiatives to bolster financial market attractiveness in 2026 through reforms aimed at enhancing vitality and international competitiveness.
