CSRC to Fully Launch New Round of Capital Market Reforms

On March 11, 2025, the Communist Party Committee of the China Securities Regulatory Commission (CSRC) held an enlarged meeting to deeply study the spirit of the National Two Sessions and deploy specific measures for implementing the directives in the capital market.

The meeting pointed out that in 2025, first, the CSRC will consolidate the market’s bullish momentum and accelerate the implementation of guidelines to channel more medium- and long-term capital into the market. Second, it will continue to strengthen support for scientific and technological innovation and new growth drivers by supporting high-quality unprofitable tech firms to go public, prudently resuming the application of the fifth set of listing criteria on the STAR Market, and promptly releasing exemplary case studies. Third, it will comprehensively deepen capital market reforms by fully launching a new round of reforms and ensuring smooth implementation of all initiatives. Fourth, it will expand high-level institutional opening-up of the capital market through formulating a comprehensive plan for liberalisation and enhancing cross-border investment and financing facilitation. Fifth, it will enhance regulatory enforcement efficacy by leveraging technological tools to strengthen off-site supervision and on-site inspections.