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Regulation Macro

Economists Urge Deeper Capital Market Reform for China’s 15th Five-Year Plan

Economists at the 2026 Tsinghua PBCSF Chief Economist Forum on September 19 called for deeper reform and opening of China’s capital markets under the 15th Five-Year Plan. They cited rising resilience in the A-share market and continued inflows of long-term capital as key supports, and urged better rules to attract foreign entities to use the renminbi for cross-border investment and financing.

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AI take

The push to widen renminbi use in cross-border investment and financing signals a policy appetite to deepen onshore market access rather than merely defend index levels. That matters most for foreign institutions weighing currency exposure against rule predictability, and for domestic intermediaries positioned to serve them. Whether the forum's recommendations translate into concrete rule changes under the 15th Five-Year Plan — particularly on repatriation and hedging — is the open question worth tracking.

Generated by AI for reference only.

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