CSRC Outlines H2 Reforms: STAR Market Fifth Criteria to Cover AI, ChiNext to Boost New Consumption & Services

The China Securities Regulatory Commission (CSRC) outlined its capital market reform roadmap for the second half of the year at a recent symposium on party building and regulatory work, with the core goal of enhancing the ability of the equity, bond, and futures markets to serve the real economy. Specific measures include: extending the application scope of the STAR Market's fifth set of listing criteria to the artificial intelligence field, orderly advancing ChiNext reform to increase support for new consumption and modern services, while promoting the quality improvement and expansion of public REITs and improving the futures market tool matrix. These arrangements aim to guide capital toward key areas such as technological innovation, new consumption, and services, and to strengthen direct financing functions.