China Proposes Sweeping New Rules to Tighten Listed Company Oversight
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China’s securities regulator has proposed sweeping rules aimed at overhauling oversight of the country’s listed companies, with a focus on tightening corporate governance, improving information disclosure and enhancing investor protection.
The China Securities Regulatory Commission (CSRC) on Friday published a 74-article draft regulation titled Regulations on the Supervision and Administration of Listed Companies for public comment, with submissions accepted through Jan. 5, 2026.
The draft marks Beijing’s most comprehensive push in years to clean up its capital markets and raise the overall quality of listed firms. Despite the rapid growth of China’s equity markets — with 5,444 companies listed on the A-share market as of the end of October 2025 — persistent concerns remain over poor governance, misleading disclosures and misconduct by executives and major shareholders.
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- China’s securities regulator proposed a 74-article draft to overhaul regulation of listed companies, focusing on governance, disclosure, and investor protection.
- New rules require stricter board independence, executive compensation tied to performance, and stronger internal controls against fraud.
- The draft refines takeover rules, risk assessments for collateral, and enhances penalties for violations; public comment is open until January 5, 2026.
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