China Securities Regulatory Commission: Consolidate the market's stable and improving momentum and make every effort to create an ecosystem for "long-term money and long-term investment."

The China Securities Regulatory Commission held a systematic work meeting for 2026, emphasizing the need to prioritize stability and consolidate the positive momentum in the market. It will comprehensively strengthen market monitoring and early warning, timely implement counter-cyclical adjustments, enhance trading supervision and information disclosure regulation, further maintain trading fairness, and seriously investigate and deal with illegal activities such as excessive speculation and market manipulation, firmly preventing large fluctuations in the market. It will continue to broaden the channels and methods for medium- and long-term funding sources, launch various products and risk management tools suitable for long-term investment, and actively guide long-term investment, rational investment, and value investment, striving to create a market ecology of "long money and long investment."

The meeting also emphasized enhancing the inclusiveness and adaptability of the multi-tiered equity market, initiating the implementation of deepening the reform of the Growth Enterprise Market, continuously promoting the implementation of the Science and Technology Innovation Board reforms, improving the convenience and flexibility of refinancing, and promoting the high-quality integrated development of the Beijing Stock Exchange and the New Third Board. It aims to improve the quality, adjust the structure, and expand the total volume of the bond market, ensuring the smooth landing of the commercial real estate REITs pilot program. It will steadily advance the quality development of the futures market and strengthen the supervision of the linkage between spot and futures markets.

The meeting also emphasized promoting the two-way opening of the capital market to a deeper and higher level. It will expedite the implementation of the optimized plan for qualified foreign institutional investors, expand the scope of specific futures varieties, and enhance the convenience of cross-border investment and financing. It will improve the regulatory system for overseas listings, enhancing the standardization, normalization, and transparency of filing management. It will strengthen regulatory and risk prevention capabilities in an open environment and actively participate in international financial governance