FINANCE

China Aims to Make Local Exchanges the Top Choice for Quality Companies

Published: Sep. 10, 2026 6:16 p.m. GMT+8

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The average review period for IPOs on the Shanghai and Shenzhen stock exchanges has been shortened to about six months. Photo: VCG

China plans to optimize its stock market rules to make local exchanges the preferred listing destination for high-quality domestic companies, according to a top securities regulator.

The pledge is part of Beijing’s broader campaign to revitalize the domestic capital market by attracting innovative comapnies while simultaneously cracking down on financial crime to restore battered investor confidence.

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CSRC vows to make domestic exchanges the preferred listing destination via more inclusive IPO, listing, and M&A rules, shortening IPO reviews to about six months.
Regulator will balance inclusivity with strict oversight, intensify anti-fraud efforts, regulate share reductions, and encourage M&A to boost investor returns.
In first 8 months of 2026, CSRC investigated 644 cases, levied 9.8 billion yuan in fines, and helped investors recover 5.2 billion yuan; medium/long-term funds made net A-share purchases exceeding 600 billion yuan.

AI generated, for reference only

What Happened When

By end of 2025：: The market value of tradable A-shares held by medium- and long-term funds (including social security, annuities, and insurance) was recorded.

First eight months of 2026：: The CSRC investigated 644 cases of securities and futures violations, levying 9.8 billion yuan ($1.45 billion) in fines and confiscations while helping investors recover 5.2 billion yuan in losses.

First half of 2026：: The mutual fund industry generated 1.7 trillion yuan in profits for investors.

As of 2026 (so far)：: Medium- and long-term funds made net purchases of A-shares exceeding 600 billion yuan.

Before September 10, 2026：: The average IPO review cycle on the Shanghai and Shenzhen bourses was shortened to about six months, with some high-quality companies receiving financing approval in less than a month.

Thursday, September 10, 2026：: CSRC Vice Chairman Li Chao announced at a press conference that the regulator will implement more inclusive systems for share issuances, listings, and M&A to support diverse business growth, and outlined priorities for the 15th Five-Year Plan period (ending 2030).

AI generated, for reference only