China's securities regulator will continuously enhance regulatory mechanisms for algorithmic trading and effectively prevent the abuse of technological advantages as part of broader efforts to promote the high-quality development of the fund industry, China Securities Regulatory Commission Chairman Wu Qing said on Saturday.
Speaking at the fourth members' congress of the Asset Management Association of China, Wu said the CSRC will conduct in-depth research and consistently strengthen regulatory mechanisms for program trading, with a greater focus on fairness and compliance.
Targeted supervision will be strengthened to crack down on market manipulation and other violation activities that disrupt market order, Wu said.
He noted that algorithmic trading has become an important trading method in major global markets, including China. Given that individual investors account for the majority of market participants in China, regulators have introduced a series of rules and strictly regulated abnormal trading activities.
Wu added that China's fund industry is at a critical stage of shifting from quantitative expansion to high-quality development, adding that the country aims to make breakthrough progress in building world-class investment institutions during the 15th Five-Year Plan (2026-30) period.
