SSE Releases List of Practical Initiatives for the Market in 2026

Shanghai Stock Exchange (SSE) recently released the List of SSE Practical Initiatives for the Market in 2026 (hereinafter referred to as the List) following thorough research into market demands and in light of the SSE's work reality. The move aims to fully implement the guidelines of the CPC Central Committee's eight-point decision on improving conduct, and further advance the "Open-Door Review, Open-Door Supervision and Open-Door Service" philosophy.

The List is formulated on the basis of in-depth study and implementation of the guiding principles from the Fourth Plenary Session of the 20th CPC Central Committee, the Central Economic Work Conference and the National Financial Work Conference. In line with key tasks including enhancing the inclusiveness and adaptability of the capital market, deepening the comprehensive reform on investment and financing, and advancing the digital transformation of the SSE, the List lays out concrete and actionable measures designed to support the high-quality development of the capital market. The List consists of 10 "practical initiatives" across five areas, covering listing review, frontline regulation, product innovation, market services, investor protection, information technology and other core business areas, with a view to addressing key concerns of the market. First is optimizing disclosure channels to enhance information accessibility. The rule query system on the SSE website will be updated to allow online browsing of all business guides. Documents disclosed by the same issuer across listing review, ongoing supervision and other phases will be integrated. A section will be created dedicated to disclosure of holding-type real estate ABS products. Second is improving efficacy of supervision and corporate governance of listed companies. The ESG disclosure evaluation criteria will be updated. The "one-click" mobile voting service for shareholder meetings of listed companies will be further expanded. The training model for board secretaries will be adjusted from online-only to a hybrid online and offline mode. Third is expanding index-based products to better meet diverse investment needs. The "Fixed Income+" multi-asset index system will be further improved. More market promotion will be carried out for indices and ETF products. Fourth is widening comprehensive service scope to give market participants a greater sense of gain. Various industry salons will be held to build a platform of communication among the government, industry, capital, researcher and other stakeholders. The stock options section on the SSE website will be upgraded. The exhibitions and services of the China Securities Museum will be enhanced. Fifth is continuing to cut fees to reduce market operation costs. The SSE plans to cut approximately RMB 1.113 billion of fees in 2026.

The SSE upholds a people-centered value to address issues of concern for all market participants in a pragmatic manner. The annual practical initiatives have been underway for four consecutive years, earning positive feedback from all sectors. Following the release of the List, the SSE welcomes comments and suggestions from the market. The SSE will take concrete actions to deliver on each initiative, demonstrating "tangible results" in serving the people through "targeted improvements" in work style, and jointly foster a more transparent, efficient and market-friendly ecosystem for the high-quality development of China's capital market.