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China’s securities regulator stressed stability in the capital market and vowed to further deepen market reform and opening up in the second half of this year.
The country will promote stability in market operations, functions, policies and expectation, keep reasonable and normalized initial public offerings and refinancing and achieve a dynamic balance between the primary and secondary market, said the China Securities Regulatory Commission (CSRC) at its mid-year meeting for arranging the work for the second half of the year.
China will support private companies to achieve high-quality development through capital market, improve regular supervision of platform companies and promote healthy and sustained development of the platform economy, it said.
The regulator will improve the mechanism for supporting quality technology companies and push forward with new-type of REITs such as consumption and infrastructure REITs, enhance the functions of futures market in order better serve economic operations, it said.
The CSRC vowed to do a good work in registration and management of Chinese companies’ overseas listings and introduce more “greenlight” cases.
It will also step up the crackdown on fraudulent activities in the capital market, explore using more modern and technological methods to strengthen problem detection and step up punishment for fraudulent activities by third parties, it said.
The CSRC also vowed to maintain a stable financing channel in the capital market for property developers to promote the healthy and steady development of the real estate sector, it said.