CSRC Chair Wu Qing Pledges Steadier Capital Market at Financial Street Forum

The signal here is less the stability pledge itself than the mechanism behind it: cross-border, cross-market and cross-industry risk transmission is now explicitly on the regulator's radar, which matters for products whose exposure spans jurisdictions, including tokenized and offshore-linked RWA structures. Active ETFs and long-cycle assessment are framed as tools to pull in medium- and long-term capital, a shift in emphasis from inflows to holding behavior. Whether that framing translates into durable institutional participation rather than short-lived positioning is the open question worth tracking.