The development represents a key risk management tool for international investors who need to manage their A-share equity exposure, says HKEX chief Charles Li.
Private equity, venture capital and hedge fund managers are facing more stringent requirements to register a product with the Asset Management Association of China.
The SSE gave its first indication of a launch date for the new science and technology board in a WeChat post, saying the trading system will be ready at the end of May.
The CSRC said it made the decision after receiving an application from the IMF, whose RQFII investment quota has not yet been revealed.
Under the current mechanism, financial consumer rights protection is handling by various regulatory bodies, which lack coordination and where standards are not uniform.
Major shareholders of companies that trade in futures contracts will have higher net asset and profitability requirements under new draft rules from the CSRC.
MSCI will quadruple the weighting of Chinese mainland shares in its global benchmarks this year. Remaining market accessibility issues must be addressed for future weight increases.
The CSRC has scrapped limits on first day gains of new IPOs, and will allow daily price fluctuations up to 20%. But, same day buying and selling of listed companies will be restricted.
State-owned lenders are instructed to increase loans to private firms by 30% this year, end discriminatory lending practices, and reduce their reliance on loan collateral.
CSRC says at least 9 fund managers are seeking approval to issue equity investment products on the new board, which could be launched within the first half of this year.