The CSRC has spoken!

On the 14th, the China Securities Regulatory Commission (CSRC) conveyed the spirit of the Central Economic Work Conference and, in conjunction with the requirements of the National Financial System Work Conference, studied and deployed the implementation work of the CSRC system. It stated that the CSRC system must effectively focus its ideas and methods on the overall requirements for next year's economic work and the "five overall considerations," adhering to the principle of seeking progress while maintaining stability and promoting stability through progress. With a "nail-driving" spirit, it will advance risk prevention, strengthen regulation, and promote high-quality development in a coordinated manner, ensuring the proper functioning of the capital market and striving to contribute positively to the sustained recovery and improvement of the economy. First, it emphasizes maintaining market stability as the key; second, it aims to provide stronger and more effective services for economic recovery; third, it focuses on enhancing regulatory effectiveness; fourth, it deepens comprehensive reforms in capital market investment and financing. In addition, the CSRC system must adhere to self-reform, strengthen the supervision and restriction of public power throughout the entire chain, strictly enforce discipline and anti-corruption measures, focus on eliminating the soil and conditions that breed corruption, resolutely rectify the persistent issues of the "four winds," deepen the educational achievements of party discipline, and further consolidate a strict atmosphere