China's securities industry will focus on high-quality development and deepen market reforms in the country's 15th Five-Year Plan (2026-2030) period, Chairman of the China Securities Regulatory Commission (CSRC) Wu Qing said at a general meeting of the Securities Association of China on Saturday. While addressing the meeting, Wu described China's A-share market as "broadly active", with total market capitalization above 100 trillion yuan (14.14 trillion in U.S. dollars). The combined assets of China's securities firms have reached 14.5 trillion yuan and the net assets 3.3 trillion yuan, up more than 60 percent and 40 percent, respectively, over the past four years, helping nearly 1,200 technology innovators go public, according to the CSRC chairman. Wu also noted that foreign institutions are expanding their onshore footprint, with 11 wholly foreign-owned or foreign-controlled securities companies now operating in China. Wu said that during the 15th Five-Year Plan period, the industry will shoulder four major tasks: better serving the real economy and new-quality productive forces, facilitating the optimal allocation of residents' assets, supporting the building of a strong financial sector, and advancing high-level opening-up to the outside world. Wu added that securities firms must swiftly shift from price competition to value competition. Leading firms must boost their resource-integration capabilities and strive to become globally influential benchmarks during the 15th Five-Year Plan period. He also pledged to enhance differentiated, category-based oversight. Shotlist: Beijing, China - Dec 6, 2025: 1. Backdrop of general meeting of Securities Association of China; 2. Various of meeting in progress, attendees; FILE: China - Date Unknown 3. Cityscape; 4. Office of CSRC office; 5. Various of securities firm office, people working; 6. Various of financial institutions; Beijing, China - Dec 6, 2025 7. SOUNDBITE (Chinese) Wu Qing, chairman, China Securities Regulatory Commission (CSRC) (ending with shot 8): "For small and medium-sized securities firms as well as foreign-invested securities companies, we will explore the implementation of differentiated regulation in areas such as classification evaluation and business access, so as to promote their distinctive and specialized development. For a handful of problematic securities firms, strict regulation shall be imposed in accordance with the law."; FILE: China - Date Unknown 8. Various of stock traders, screen showing stock information; 9. Cityscape. [Restrictions: No access Chinese mainland]