China's CSRC Pledges Tighter Listing Oversight and Deeper Capital Market Opening

China's China Securities Regulatory Commission (CSRC) held a meeting on Party building and regulatory work, saying it will support stronger listed companies while curbing weaker ones, according to 36Kr. The regulator said it will further strengthen the combined prevention and punishment system for financial fraud, step up efforts to improve listed-company governance, keep unlocking momentum for mergers and restructurings, and roll out more representative cases. It also said it will promote higher-quality development of market institutions by category, improve the securities-firm supervision framework, accelerate a package of measures for the orderly development of fund companies, issue rules for futures firms as soon as possible, and promote the healthy development of private funds. The CSRC added that it will safeguard financial infrastructure stability, prevent and defuse debt-default risks tied to financing platforms and real estate, and steadily deepen two-way opening of the capital market while strengthening cross-border regulatory cooperation.