SEC: Closely monitor changes in international financial markets and internal/external environment, strengthen linkage monitoring and regulation between domestic and foreign markets and spot-futures markets.

The Party Secretary and Chairman of the China Securities Regulatory Commission, Wu Qing, presided over an expanded Party Committee meeting. The meeting pointed out that: First, strengthen systematic planning, align with the government work report and the “14th Five-Year Plan” Outline, and expedite the implementation of key tasks by the State Council and the drafting of the “14th Five-Year Plan” for the capital market. Second, reinforce bottom-line thinking, closely monitor changes in international financial markets and internal and external environments, enhance the linkage monitoring and regulation of domestic and overseas, futures and spot markets, continuously consolidate and strengthen the characteristic stability mechanism of the Chinese market, and promote listed companies to improve governance and increase value, further enhancing market internal stability. Third, focus on reform breakthroughs, serve the development of new quality productivity, continuously implement effective policies such as the Sci-Tech Innovation Board “1+6” and the M&A six rules, release and implement plans to deepen the GEM reform, accelerate the optimization of refinancing mechanisms, expand exit channels for private equity and venture capital funds, and attract more social capital to invest early, small, long-term, and in hard technology, better stimulating technological innovation vitality. Fourth, strengthen regulatory enforcement, focus on cracking down on major, malicious, and key issues, severely combat financial fraud, market manipulation, insider trading, false statements, and other illegal activities, improve the legal and regulatory framework of the capital market, accelerate the establishment of a “1+N+X” supervision system for private funds, continuously improve investor protection systems, and effectively enhance the effectiveness and deterrence of regulatory enforcement. Fifth, reinforce strict and pragmatic work style, earnestly carry out education on establishing and practicing correct performance views, resolutely implement the important requirements of the “Three More,” comprehensively strengthen supervision and restraint of public power, persistently rectify “Four Winds” and promote new trends, deepen the comprehensive strict governance of the CSRC system, actively create an atmosphere that values practicality and responsibility, and provide a strong guarantee for achieving annual goals and tasks.

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