CHINA: CSRC Issues Opinions to Promote Development of the Capital Market

Monday April 15 2024

On 12^th April 2024, the China Securities Regulatory Commission (CSRC) issued the “Several Opinions on Strengthening Supervision and Preventing Risks to Promote the Development of the Capital Market”.

The capital market will focus on strengthening supervision, preventing risks, and promoting high-quality development, giving better play to the functions of the capital market, promoting the construction of a financial power, and serving the overall situation of China-style modernization.

The “Opinions” require that access to issuance and listing to be strictly controlled, improve listing standards on the main board and GEM, improve the evaluation standards for scientific and technological innovation attributes of the Science and Technology Innovation Board, expand the coverage of on-site inspections, strengthen the responsibilities of the entire issuance and listing chain, and increase the supervision of issuance and underwriting , strictly investigate illegal issuances and other illegal issues.

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