Regulator Vows to Accelerate Development of Premier Investment Banks and Institutions

Deep News
09/10

At a press conference held on September 10th by the State Council Information Office, themed around the launch of the "15th Five-Year Plan" and financial sector advancements, Li Chao, Vice Chairman of the China Securities Regulatory Commission (CSRC), outlined key priorities for the industry.

Li Chao emphasized the need to expedite the creation of world-class investment banks and financial institutions. He stressed a stronger focus on functional requirements, urging firms to concentrate on their core businesses, improve corporate governance, and pursue differentiated development to enhance their overall strength and professional service capabilities.

Additionally, the Vice Chairman highlighted the importance of actively fostering a healthy industry culture and investment environment within the financial sector.

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