(AsianFin)—China Securities Regulatory Commission (CSRC) Vice Chairman Li Chao unveiled a series of policy documents on Friday, in line with the CSRC's emphasis on building the "one cornerstone" and "five pillars" to meet the intrinsic stability requirements of the capital market. "One cornerstone" refers to high-quality listed companies. "Five pillars" refer to a more reasonable capital structure, more complete basic systems, more effective market regulation, higher-quality professional services, and stricter regulatory enforcement.

In terms of IPO listings, the CSRC introduced eight policy measures designed to elevate the quality of the application and review procedure, including holding IPO applicants accountable for accurate information disclosure, preventing blind pursuit of listings, and strengthening the oversight of intermediary agencies and stock exchanges during the review process. Additionally, the CSRC emphasizes the need for comprehensive supervision and accountability, ensuring strict enforcement of regulations for IPO applicants and intermediary agencies.

For the supervision of listed companies, the CSRC outlines 18 policy measures across four domains, including cracking down on financial fraud and enhancing dividend supervision. Important initiatives involve reinforcing information disclosure supervision, preventing circumvention of share reductions, and promoting market value management of listed companies.

When it comes to securities and fund supervision, the CSRC released document featuring 25 policy measures spanning seven areas. These include rectifying the positioning of industry institutions, consolidating compliance and risk control foundations, optimizing industry development ecology, and enhancing regulatory enforcement to prevent and resolve financial risks.

The release of these comprehensive policy documents underscores the CSRC's commitment to enhancing the integrity, stability, and transparency of China's capital markets, so as to foster a healthier and more robust financial environment conducive to sustainable company growth and investor confidence.