CSRC: Improve the long-term mechanism for protecting the legitimate rights and interests of investors.

The China Securities Regulatory Commission (CSRC) held a series of symposiums with listed companies, industry organizations, and experts to solicit opinions and suggestions. During the symposiums, participants expressed that the current economic situation in China is generally stable and showing a trend towards new and better development. Since the release of the new "Nine Regulations", the overall ecology of the capital market has undergone profound changes, the comprehensive reform of investment and financing continues to have positive effects, the quality and investment value of listed companies have been effectively improved, and the market has a solid foundation for stable operation. Participants proposed opinions and suggestions around further strengthening the fundamental institutional construction of the capital market, implementing a long-term fund evaluation mechanism, continuously improving the standardized operation and governance level of listed companies, further regulating quantitative trading behaviors, increasing penalties for market violations, strengthening market expectation guidance, and further promoting the institutionalization of market stabilization mechanisms. Officials from the CSRC stated that they will carefully study and absorb the opinions and suggestions put forward by various parties, actively respond to market concerns, coordinate risk prevention, strengthen supervision, promote high-quality development, continuously enhance the construction of market basic systems, improve market stability from within, establish a long-term mechanism to protect investors' legitimate rights and interests, and better promote the long-term stable and healthy development of the capital market.