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 February 2.
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.
Source: Xinhua News Agency
