TREE NEWS update: China Securities Regulatory Commission Vice Chairman Li Chao said on September 10 that the capital market is undergoing increasingly profound structural changes, with coordinated investment and financing development taking shape faster. Speaking at a State Council Information Office briefing, Li said the CSRC has implemented tasks set by the new “Nine National Articles” and used reform of the two innovation boards as a breakthrough to strengthen institutional inclusiveness and adaptability, while pushing medium- and long-term capital into the market and deepening comprehensive investment and financing reform.
CSRC Vice Chairman Li Chao Says Capital Market Undergoing Structural Changes
The emphasis on "structural changes" and "coordinated investment and financing" signals that Beijing's priority is rebalancing a market long tilted toward fundraising over returns — a framing that matters for how listing and capital-raising rules may evolve. The reference to the two innovation boards as the reform突破口 suggests those venues remain the testing ground for broader changes. Whether medium- and long-term capital inflows actually follow the rhetoric is the open question; official briefings have repeatedly stressed this without disclosing the scale or pace of implementation.
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