The securities industry should provide investors with a wider range of products more conducive to long-term investments, said Wu Qing, chairman of the China Securities Regulatory Commission (CSRC) at the 8th Member Congress of the China Securities Association on Saturday.
Noting that stocks and funds account for only about 15 percent of Chinese residents' assets, the chairman emphasized that the country can harness the huge potential demand for asset management and wealth management.
"We must proactively cater to the diverse wealth management needs of investors with different risk appetites, investment scales, and investment horizons, providing more abundant and targeted products and services which are more conducive to long-term and value investments. We must work together with investors for mutual benefit and win-win outcomes, jointly participating in and sharing the fruits of economic and capital market development," said Wu.
As investor confidence and market resilience have significantly strengthened, the total market capitalization of A-shares -- stocks traded on Chinese mainland markets -- exceeded 100 trillion yuan (about 14 trillion U.S. dollars) for the first time in August.
Amid the growth, Wu stressed that stability remains the bottom line for the industry, calling on institutions to strengthen compliance and risk control while focusing on risks in areas such as margin trading, securities lending, and over-the-counter business to prevent illegal interference by shareholders and safeguard the rights and interests of small and medium-sized investors.
According to CSRC policy guidelines, the commission will appropriately optimize supervision of high-quality institutions to support their improvement in capital efficiency, while for a few problematic securities firms, it will strictly supervise and punish them according to law, resolutely clear out non-compliant shareholders, and maintain market order and stability.
China's top securities regulator urges abundant long-term investment products
China has made new progress in the high-quality development of its marine economy, with the ocean increasingly serving as a new driver of growth, Minister of Natural Resources Guan Zhi'ou said in Beijing on Thursday.
Guan briefed the media on China's new achievements in marine development, utilization and protection in a ministerial interview after the closing meeting of the fourth session of the 14th National People's Congress (NPC), China's top legislature, in Beijing.
"In 2025, the gross ocean product exceeded 11 trillion yuan (about 1.60 trillion U.S. dollars), accounting for 7.9 percent of GDP. Industries such as shipbuilding and offshore engineering equipment, offshore wind power, and marine fisheries rank among the top in the world. Marine drugs independently developed by China accounted for 28 percent of the global market share, while output value from marine energy and seawater desalination continued to expand. In order to make our ocean more beautiful and better protect the marine environment, we have always been committed to strictly controlling new land reclamation from the sea, with the retention rate of natural coastline exceeding 35 percent. The mangrove area has reached 4.75 million mu (about 316,666.67 hectares), maintaining a continuous growth momentum. We established the Huangyan Dao national nature reserve to strengthen the protection and restoration of important ecosystems such as coral reefs," he said.
Guan said China's blue circle of friends continues to expand. The country has become one of the first signatories to the agreement on marine biodiversity conservation, and has signed blue economy cooperation agreements with more than 50 countries and international organizations, while also conducting joint polar and ocean scientific expeditions with multiple countries.
Those achievements demonstrate not only industrial expansion, but also a stronger emphasis on ecological stewardship and openness to international cooperation, and the next stage will focus on consolidating existing gains while aligning with the goals and tasks set out in the 15th Five-Year Plan (2026-2030), the minister said.
"On the basis of consolidating the above achievements, we will, in accordance with the goals and tasks set out in the 15th Five-Year Plan (2026-2030), accelerate the high-quality development of the marine economy. In practice, we will place greater emphasis on innovation-driven growth by launching and implementing major national science and technology programs to comprehensively enhance deep-sea sensing, exploration and development capabilities. We will pay more attention to efficient coordination by further optimizing the spatial layout of major bays through integrated land-sea planning and building new growth poles. Industrial upgrading will be stepped up by vigorously developing emerging sectors such as deep-sea equipment and the blue medicine bank and fostering new engines of growth," Guan said.
"We will also place more emphasis on harmony between people and the sea, carefully safeguard blue sea and silver beaches, and make cruise travel and sea fishing new trends in cultural tourism consumption. More attention will be paid to win-win cooperation by expanding marine cultural exchanges to build a community with a shared future for the ocean," he said.
China continues to advance high-quality development of marine economy: minister
