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 CSRC Issues Opinions on Promoting High-Quality Development of Beijing Stock Exchange
Category:Legislative Updates  
Keywords:high-quality development;  Beijing Stock Exchange
Publish Date:09-07-2023
On August 31, 2023, the China Securities Regulatory Commission (CSRC) issued the Opinions on Promoting the High-Quality Development of the Beijing Stock Exchange.
The Opinions put forward the following working measures: First, it clarifies how to speed up the high-quality supply of listed companies. The CSRC said it will effectively improve the structure of new listed companies, comprehensively enhance the quality of listed companies and optimize the arrangements of the listing system. Second, smooth market reform and innovation should be promoted. Specifically, the Opinions call for efforts to continuously enrich the product system, improve trading mechanisms, and optimize the issuance underwriting system. Meanwhile, the interconnection of the multi-level market should be strengthened, and the investor team should be expanded. Third, the foundation and environment of market development should be comprehensively optimized. According to the Opinions, the role of intermediary agencies should be better played, the effectiveness of supervision to be continuously enhanced, and the market risk monitoring, early warning, evaluation, and disposal mechanisms to be improved. Efforts should be made to promote the institutional opening up and play the role of pilot reform sites. Fourth, the organizational guarantee should be strengthened. The Opinions require strengthening the organizational leadership and all-chain supervision and balance, and effectively using the media's capacity to shape public opinions.
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