On October 19, Chairman Wu Qing of the Securities Regulatory Commission said while attending the opening ceremony of the 2026 Financial Street Forum Annual Meeting that he will strengthen strict laws and vigorously cultivate a standardized and healthy market ecology. Fully implement the requirements of the “Five Major Regulations”, further strengthen the supply of institutional mechanisms, and resolutely maintain an open, fair and just market order. Wu Qing explained that four initiatives will be launched in the near future. The first is to prepare to establish a fund industry operation monitoring center to undertake responsibilities such as private equity fund share registration, public and private equity information collection, and risk monitoring, and focus on improving the effectiveness of risk prevention, control and supervision in the fund industry. The second is to issue opinions on implementing safe and compliant applications of artificial intelligence in securities and futures, improve regulatory standards such as business development and data security, promote safe and efficient application in key scenarios such as venture capital, investment and research, and guide technology for good. The third is to improve the rules for reducing holdings in violation of regulations, insist that the penalties are comparable and not in vain, refine certification standards, and crack down more accurately and effectively on illegal holdings reduction. Fourth, formulate and issue guidance opinions on advance payment in the securities market, further clarify applicable entities and implementation procedures, etc., promote early payment in accordance with the law, quickly, and efficiently, and better protect the legitimate rights and interests of small and medium-sized investors.
Zhitongcaijing · 2d ago
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On October 19, Chairman Wu Qing of the Securities Regulatory Commission said while attending the opening ceremony of the 2026 Financial Street Forum Annual Meeting that he will strengthen strict laws and vigorously cultivate a standardized and healthy market ecology. Fully implement the requirements of the “Five Major Regulations”, further strengthen the supply of institutional mechanisms, and resolutely maintain an open, fair and just market order. Wu Qing explained that four initiatives will be launched in the near future. The first is to prepare to establish a fund industry operation monitoring center to undertake responsibilities such as private equity fund share registration, public and private equity information collection, and risk monitoring, and focus on improving the effectiveness of risk prevention, control and supervision in the fund industry. The second is to issue opinions on implementing safe and compliant applications of artificial intelligence in securities and futures, improve regulatory standards such as business development and data security, promote safe and efficient application in key scenarios such as venture capital, investment and research, and guide technology for good. The third is to improve the rules for reducing holdings in violation of regulations, insist that the penalties are comparable and not in vain, refine certification standards, and crack down more accurately and effectively on illegal holdings reduction. Fourth, formulate and issue guidance opinions on advance payment in the securities market, further clarify applicable entities and implementation procedures, etc., promote early payment in accordance with the law, quickly, and efficiently, and better protect the legitimate rights and interests of small and medium-sized investors.
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