China securities chief warns of global asset repricing

Wu Qing, chairman of the China Securities Regulatory Commission, said in Shanghai on Saturday that global capital markets are undergoing a new round of asset repricing and rebalancing amid geopolitical tensions and policy uncertainty, and that the CSRC will study optimizing its rules on quantitative trading and shareholding reductions.

Why it matters: The speech sets the CSRC's research agenda for the 15th Five-Year Plan period, pairing a warning about cross-border risk transmission with a review of the trading rules that most affect fairness for China's more than 200 million stock investors.

Data as of Wu Qing's address of November 14, 2026 to the opening ceremony of the first Chinese Capital Market Academic Annual Conference in Shanghai, as reported by Bloomberg from the speech transcript posted on the CSRC website and in BigGo Finance's full coverage of the address, both read in full in this run. Developing item.

Wu Qing, chairman of the China Securities Regulatory Commission, told the opening of the first Chinese Capital Market Academic Annual Conference in Shanghai on Saturday that global capital markets are undergoing a new round of asset repricing and rebalancing in the face of geopolitical tensions and policy uncertainty. He called for deeper research and regulatory cooperation to strengthen markets’ resilience to unpredictable “black swan” and “gray rhino” events, and said China’s capital market has never been as interconnected with global markets as it is today, requiring stronger work on cross-border, cross-market and cross-industry risk transmission.

On domestic rules, Wu said the CSRC will research and evaluate optimizing the institutional rules governing quantitative trading and shareholding reductions, alongside fair and reasonable regulatory arrangements to protect investors. He put total A-share market value above 100 trillion yuan and the bond market above 210 trillion yuan, and listed long-term stability mechanisms, market microstructure and the two-way effects of artificial intelligence on capital markets among the research priorities for the 15th Five-Year Plan period.

China securities chief warns of global asset repricing

Sources