# capital markets reform

China Signals Capital‑Market Push for the Next Five Years: More Listings, Easier Refinancing and Tighter Oversight

China’s securities regulator, led by Wu Qing, held a meeting with listed‑company representatives to shape capital‑market priorities for the next five years. The CSRC pledged reforms to listing and refinancing rules, deeper market tier integration and measures to attract long‑term capital, while stressing risk prevention and stronger supervision.