China's securities market regulator on Thursday outlined several key measures that serve to accelerate the development of the country's modern capital market with Chinese characteristics.

In a keynote speech at the ongoing 14th Lujiazui Forum in Shanghai, Yi Huiman, the chairman of the China Securities Regulatory Commission (CSRC), stressed the need to effectively maintain a healthy financial market and ecosystem with strengthened supervision and enforcement, such as cracking down on insider trading, market manipulation, and other violations.

He also said the regulator will focus on conducting tracking and analysis of new transaction methods such as quantitative trading.

"(We will) maintain the unique characteristics and specialized positioning of the Science and Technology Innovation Board, the ChiNext board, and the Beijing Stock Exchange," said Yi, according to a transcript of his speech on the CSRC website.

Yi also said China will explore the establishment of a comprehensive market with a complete range of investment products covering stocks, bonds, and private equity.

He said the regulator will continuously improve systems and mechanisms related to equity incentives and employee shareholding in listed companies as well as deeply integrate innovation chains, industry chains, capital chains, and talent chains.

"Timely introduction of policies and measures should be taken to further promote the capital market's support of a high-level of self-sufficiency in the field of science and technology," he said.

Responding to recent market fluctuations, Yi said long-term investment and value investment are key in attaining stable returns.

He added that financial institutions should improve professional services and optimize their assessment systems to encourage long-term investment, so that both the industry and its customers can simultaneously see development and value growth.

(Cover via CFP)