The China Securities Regulatory Commission (CSRC) has introduced eight new financial industry standards, marking a significant step forward in the digital transformation of China’s capital markets. These standards aim to enhance operational precision, regulatory effectiveness, and technological integration, fostering a more transparent and efficient financial ecosystem.

Key among these is the updated “Listed Company Industry Statistics Classification and Code”, which aligns with the latest "National Economic Industry Classification." This revised framework provides clear rules for industry categorization, enabling better data analysis, performance evaluation, and index compilation. The move is expected to empower market participants with precise insights, supporting high-quality market development.

To advance blockchain integration in regional equity markets, the “Regional Equity Market Cross-Chain Technology Specification”and the “Cross-Chain Data Specification”set foundational rules for connecting regulatory and local business chains. They address critical issues such as data encoding, lifecycle management, and nine specific data categories, including financial disclosures and transaction records. These standards aim to unify data reporting and facilitate seamless inter-chain collaboration, ensuring robust oversight and operational efficiency.

Recognizing the importance of security, the “Cross-Chain Certification Security Specification”establishes encryption and secure communication protocols, mitigating risks associated with blockchain operations. Meanwhile, the “Blockchain Infrastructure Communication Guide”provides a blueprint for integrating blockchain systems with existing market infrastructure, optimizing data exchanges and enhancing system modernization.

On the technology front, the “Securities and Futures IT Architecture Management Guide”outlines principles for improving IT governance, reducing risks, and lowering costs, while the “Data Standard Attribute Framework”enhances data-sharing capabilities, fostering improved collaboration across institutions. For fund management entities, the “Operations and Maintenance Automation Maturity Standard”provides practical tools for advancing automation, reducing costs, and improving service reliability.

These comprehensive measures demonstrate the CSRC's commitment to building a technologically advanced regulatory framework that supports innovation and market integrity. By emphasizing standardization, security, and automation, China is positioning its capital markets as a benchmark for global excellence, paving the way for sustained growth in an increasingly interconnected financial landscape.