CSRC Issues Implementation Opinions on Advancing the "Five Key Financial Articles"
ISSUING AUTHORITY:
China Securities Regulatory Commission
DATE OF ISSUANCE:
February 7, 2025
EFFECTIVE DATE:
February 7, 2025
On February 7, 2025, China Securities Regulatory Commission (CSRC) issued the Implementation Opinions on Advancing the "Five Key Financial Articles" (“Implementation Opinions”), aligning with national strategies to enhance technology finance, green finance, inclusive finance, pension finance, and digital finance through capital markets.
The document emphasizes supporting tech enterprises throughout their lifecycle, facilitating IPOs, M&A, and private equity investment, and strengthening the bond market to fund innovation. Green finance initiatives include refining green bond standards, expanding carbon trading mechanisms, and promoting green REITs.
To bolster inclusive finance, CSRC will enhance capital access for SMEs, strengthen agriculture-related financing, and diversify investment products to meet public demand. Pension finance efforts include expanding long-term investment channels and improving financial products catering to aging populations.
In digital finance, CSRC seeks to modernize regulatory oversight, optimize financial technology integration, and improve data infrastructure to enhance market efficiency. The Implementation Opinions also stress industry-wide governance improvements, enhanced risk management, and strict compliance measures to ensure sustainable development.
With a focus on collaboration between financial and industrial policies, CSRC aims to establish a robust capital market framework that aligns with China’s high-quality economic growth objectives.
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