CSRC vows deeper reforms to open China’s capital market and boost tech listings

The Chinese capital market requires a “deep transformation” to enhance its “inclusiveness and adaptability”, Wu said, calling for a regulatory environment where medium and long-term funds “are willing to come, can stay and can develop well” amid market volatility.

“The article aims to bolster domestic and international investors’ confidence in China’s capital markets,” said Ding Haifeng, a consultant at Shanghai-based financial ­advisory firm Integrity. “It also reaffirms Wu’s role in leading the regulatory commission despite speculation about his resignation.”

The benchmark Shanghai Composite Index hit a 10-year high in November, closing at 4,029.5, up 20.2 per cent from last year’s close, buoyed by a trade truce between Beijing and Washington and heightened expectations for improved company fundamentals.