Stockholm, Feb.4 (CED) — The China Securities Regulatory Commission (CSRC) has set its priorities for the reform and development of the country’s capital market in 2023, according to a work conference on Thursday. 

No efforts should be spared in implementing across-the-board, registration-based initial public offerings reform, the CSRC said in a statement after the conference.

It pledged to push forward the institutional reform of the capital market steadily and strengthen interconnectivity with overseas markets.

Policies related to stocks, bonds, financing, and mergers and acquisitions will be more inclusive and suitable for tech firms, and more measures will be rolled out to serve key areas and weak links such as the private sector, small firms and real estate, it said.

A new three-year action plan will be implemented to improve the quality of listed companies, and efforts will be made to pursue the high-quality development of equity funds and attract more medium-to-long-term funds to the market, according to the conference.

The CSRC also vowed to enhance its monitoring work, crack down on irregularities, and be more forward-looking in forestalling risks in key areas such as private equities and bond defaults.


Most popular in 24h

By Chinaeuropenet

Xuefei Chen Axelsson is an independent media person. She has been a journalist for 30 years. She studied English, International politics, and sustainable development. She has been to Zimbabwe, Mozambique, Namibia and South Africa, Australia, New Zealand and America, Canada, France, Germany, Spain and all the nordic countries including Sweden, Finland, Denmark, Norway, Iceland and Britain. She is good at talking with all kinds of people and exchange ideas and serves as a bridge between China and the world.

Leave a Reply

Your email address will not be published. Required fields are marked *