On October 21, Shang Qingjun, first-level inspector of the Public Company Supervision Department of the China Securities Regulatory Commission, said at the 2026 Financial Street Forum annual meeting that listed companies are the cornerstone of the capital market. Building a group of high-quality listed companies is conducive to improving the market ecology, optimizing resource allocation, enhancing investor confidence, and better serving the development of the real economy. The Beijing Stock Exchange mainly serves innovative small and medium-sized enterprises. Some listed companies are still in the early stages of development, and more efforts are needed to improve the level of corporate governance and ensure standardized growth. On the one hand, we will rely on special governance actions for listed companies to urge listed SMEs to improve their “internal skills”, support independent directors and audit committees to take the initiative and perform their duties effectively, motivate institutional investors and small and medium-sized shareholders to participate in corporate governance, and strengthen the company's internal supervision and checks and balances. On the other hand, we will also strengthen regulations and restrictions on major shareholders and actual controllers, keep an eye on the “key minority” of listed companies, take timely action and severely crack down on acts that seriously infringe on the interests of small and medium-sized investors, such as fraudulent issuance, financial fraud, and capital occupation, and resolutely clarify major illegal delisting standards.

On October 21, Shang Qingjun, first-level inspector of the Public Company Supervision Department of the China Securities Regulatory Commission, said at the 2026 Financial Street Forum annual meeting that listed companies are the cornerstone of the capital market. Building a group of high-quality listed companies is conducive to improving the market ecology, optimizing resource allocation, enhancing investor confidence, and better serving the development of the real economy. The Beijing Stock Exchange mainly serves innovative small and medium-sized enterprises. Some listed companies are still in the early stages of development, and more efforts are needed to improve the level of corporate governance and ensure standardized growth. On the one hand, we will rely on special governance actions for listed companies to urge listed SMEs to improve their “internal skills”, support independent directors and audit committees to take the initiative and perform their duties effectively, motivate institutional investors and small and medium-sized shareholders to participate in corporate governance, and strengthen the company's internal supervision and checks and balances. On the other hand, we will also strengthen regulations and restrictions on major shareholders and actual controllers, keep an eye on the “key minority” of listed companies, take timely action and severely crack down on acts that seriously infringe on the interests of small and medium-sized investors, such as fraudulent issuance, financial fraud, and capital occupation, and resolutely clarify major illegal delisting standards.