On June 12, 2026, Zhao Guofu, the Deputy Director of the Shanghai Regulatory Bureau under the China Securities Regulatory Commission (CSRC), announced at a Shanghai press conference that with the current year heralding the onset of the '15th Five-Year Plan' era, the CSRC is set to work in tandem with various stakeholders. The focus will be on intensifying holistic reforms in both investment and financing sectors of the capital market, propelling a fresh wave of capital market reform and openness, and further amplifying the STAR Market's role as a 'pioneering area' for reform initiatives. This strategic move aims to continually bolster the inclusivity, resilience, and global competitiveness of China's capital market framework. Additionally, it seeks to refine the comprehensive and lifecycle-spanning financial services tailored for technology-driven enterprises, thereby bolstering the development of a financial hub and facilitating the realization of Chinese-style modernization.