BEIJING – China's securities regulator said on Friday that it will advance the rule of law in the capital markets to make them safer, more well-regulated, transparent, open, vibrant and resilient.

The capital markets will continue to help the real economy and support the development of new quality productive forces, according to the China Securities Regulatory Commission.

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Efforts will be made to deepen and solidify the registration-based system for stock listing, reinforcing the institutional basis for stable market development while ensuring that no systemic risks arise, said the regulator.

It highlighted the principle that financial oversight must have "teeth and thorns" and be sharp-pointed, with a "zero tolerance" policy toward illegal activities in the securities and futures markets.

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The regulator also urged efforts to improve institutional mechanisms for investor protection.