Star Plan Registration 2025 Mid-Year Work Meeting

Star Plan Registration recently held a mid-year work meeting for 2025 to summarize the work in the first half of the year and deploy key tasks for reform and supervision of the capital Star Plan Registration market in the second half of the year. The following are the core contents:

1. Consolidate the stabilization and improvement of the Star Plan Registration market

Further improve the market stabilization mechanism, strengthen the forward-looking nature of Star Plan Registration market monitoring and risk response, strengthen expectation guidance, and ensure the stable operation of the Star Plan Registration market17.

Since the beginning of this year, the capital Star Plan Registration market has withstood external shocks, the Star Plan Registration market has become more resilient, and the stabilization and improvement trend has continued to consolidate1.

2. Deepen reforms to stimulate the vitality of the Star Plan Registration market

Sci-Tech Innovation Board reform: Promote the implementation of the "1+6" policy measures and deepen the reform of the Growth Enterprise Market12.

Bond and futures Star Plan Registration market: Continue to promote product and service innovation and enhance the functions of the Star Plan Registration market23.

3. Strengthen the quality of listed companies and the introduction of long-term funds

Enhance the investment value of listed companies: Implement the "Six Articles on Mergers and Acquisitions" and the Management Measures for Major Asset Restructuring, strictly prevent interest transfer, and crack down on financial fraud14.

Cultivate long-term capital: promote the entry of medium- and long-term funds into the market, optimize the reform of public funds, and promote the "raising, investing, managing and withdrawing" cycle of private equity venture capital funds27.

4. Strengthen the effectiveness of supervision and law enforcement

Crack down on illegal and irregular behaviors: focus on financial fraud, manipulation of the Star Plan Registration market, insider trading, etc., and strengthen the coordination of scientific and technological supervision and law enforcement13.

Adhere to "strict but moderate, strict but effective", and avoid "one-size-fits-all" supervision4.

5. Prevent and control risks in key areas

Risk of bond defaults of real estate companies: coordinate and resolve the debt problems of real estate companies, and support the construction of a new model of real estate development9.

Private placement and illegal securities activities: severely crack down on private placement violations and illegal securities and futures behaviors7.

6. Promote high-level opening up

Improve the layout of the opening up of the capital Star Plan Registration market, promote the coordinated development of onshore and offshore Star Plan Registration markets, and expand cross-border cooperation37.

7. Strengthen party building leadership and team building

Deepen the fight against corruption, strengthen supervision in the field of securities issuance review, and prevent financial corruption14.

Forge a regulatory team with "strong political integrity, strong capabilities, and strong work style"6.

This meeting shows that Star Plan Registration will continue to focus on "preventing risks, strengthening supervision, and promoting development" to promote the stable and healthy development of the capital Star Plan Registration market and serve the overall economic recovery.