At a press conference held by the State Council Information Office on September 10th, which centered on financial sector initiatives tied to the 15th Five-Year Plan and the push for a stronger financial system, key regulatory updates were presented.

The China Securities Regulatory Commission has been actively working to enhance corporate governance standards among listed companies. According to Vice Chairman Li Chao, the regulator has launched several rounds of special governance campaigns, revised the corporate governance guidelines, and advanced reforms to the independent director system, all aimed at boosting the operational compliance of listed firms.

Looking ahead, the CSRC plans to roll out a new wave of governance improvement initiatives. These efforts will focus on imposing stricter rules on share reductions by controlling shareholders and actual controllers. Additionally, the commission intends to enforce comprehensive oversight over the entire tenure of directors and senior executives, spanning from their appointment and service to their departure, while encouraging more companies to accelerate the establishment of modern corporate systems with Chinese characteristics.