China Securities Regulatory Commission: China’s development has long-term certainty and investment in China has a solid foundation

Liu Haoling, Vice Chairman of the China Securities Regulatory Commission, said at the Shanghai Stock Exchange 2026 International Investors Conference on the 12th that China's development has long-term certainty and investment in China has a solid foundation. At present, the century-old changes in the world are accelerating, the international environment is intertwined with chaos, the impact of cyclical fluctuations in global liquidity and geopolitical conflicts continues to test the capital markets of various countries. China has always insisted on injecting certainty into the world economy with its own high-quality development.

The capital market is resilient and the investment ecology continues to improve. Liu Haoling introduced that in recent years, the comprehensive reform of investment and financing in the capital market has continued to advance, and the "1+6" reform of the Science and Technology Innovation Board, the "Six Mergers and Acquisitions", the deepening reform of the GEM, and refinancing optimization policies have been implemented successively. The construction of a series of systems conducive to "long-term money and long-term investment" has been solidly advanced, and the scale and proportion of medium- and long-term funds entering the market such as social security, annuities, and insurance have steadily increased. Since the beginning of the year, the net purchase of A shares has exceeded 600 billion yuan. The operating efficiency of listed companies continues to improve. Since the beginning of this year, the scale of dividend buybacks of listed companies has exceeded the amount of IPO (initial public offering) and refinancing, and the investor return mechanism has been continuously consolidated.

The high-level opening up of the capital market is also advancing in an orderly manner. Liu Haoling introduced that more and more internationally renowned financial companies have established institutions and invested in China. The QFII (Qualified Foreign Institutional Investor) system and the Shanghai-Shenzhen-Hong Kong Stock Connect mechanism have been continuously optimized, allowing QFII to participate in domestic government bond futures transactions, and RMB government bond futures have also been stably listed in Hong Kong. Continue to strengthen the construction of regulatory capabilities and risk prevention capabilities in an open environment, and build a solid bottom line for high-level opening up to the outside world.

Liu Haoling said that in the next step, the China Securities Regulatory Commission will fully implement the "15th Five-Year Plan" deployment, always adhere to the general tone of seeking progress while maintaining stability, and promote risk prevention, strengthen supervision, and promote high-quality development. Continue to deepen the comprehensive reform of capital market investment and financing, strengthen financial support for technological innovation, and continuously improve the quality and long-term investment value of listed companies. Continue to increase supervision and enforcement efforts to effectively safeguard the legitimate rights and interests of investors. We will continue to expand high-level opening up to the outside world, improve the convenience of cross-border investment and financing, and support Shanghai in accelerating its construction as an international financial center. (over)