China is set to unveil its "nine new rules" for governing its capital markets, reports the Shanghai-based China Business News.

The new rules will reportedly traverse areas dealing with stock market registration reform, the development of the private equity market and refinancing, as well as corporate reorganization.

The rules are said to build on and provide more details regarding the six long-term market-oriented measures outlined by China's State Council on March 25. These are: continuing to steadily push forward registration reform, regulating the development of the bond market, fostering private equity markets, building the futures market, promoting innovative intermediaries, and continuing to expand capital market liberalization.

Analysts say the rules are in line with the overall direction of State Council and the China Securities Regulatory Commission, the country's main securities regulator, since the pivotal third plenary session of the 18th CPC Central Committee last November.

The early consensus is that the measures will benefit China's capital markets in the long-run, though it is unclear whether there will be any positive impact in the short-term as the emphasis is on regulatory reform. Others say that as market regulation will be strengthened there is a need to be wary of added risks.