。 为贯彻党的二十大和二十届二中、三中、四中全会及中央金融工作会议、中央全 面依法治国工作会议精神，落实法治政府建设相关要求，进一步规范证券期货市场监 督管理措施（以下简称监管措施）的实施程序，中国证监会制定了《证券期货市场监 督管理措施实施办法》（以下简称《实施办法》），自2026年6月30日起施行。 《实施办法》共二十五条，主要包括以下内容：一是明确监管措施的种类。列出 责令改正、监管谈话、出具警示函、责令定期报告等十四类比较常用的措施，并将"法 律、行政法规、中国证监会规章规定的其他监督管理措施"作为兜底规定。二是明确监 管措施的实施原则。实施监管措施，应当遵循依法、效率、公正原则，应当符合法 律、行政法规、中国证监会规章规定的程序，应当及时矫正违法行为，防范风险蔓延 与危害后果扩散，坚持风险防控与教育相结合，应当以事实为依据，与行为的性质、 情节、危害程度以及风险大小相当。三是明确实施监管措施的程序要求。包括监管措 施的取证、决定、送达、现场执法、回避、法制审核等一般程序要求，事先告知等特 别程序要求，以及紧急情况下的快速处置机制。四是明确监管措施决定的作出及执行 要求。包括监管措施决定书应当载明的事 ...

新华社北京12月31日电 在全国政协新年茶话会上的讲话 （ 2025年12月31日 ） 习近平 同志们，朋友们： 大家好！很高兴与大家欢聚一堂，畅叙友情、共商国是，共同迎接新的一年。 同志们、朋友们！ 一年来，人民政协认真贯彻落实中共中央决策部署，着力巩固团结奋斗的共同思想政治基础，紧紧 围绕进一步全面深化改革、推动高质量发展等议政建言，为党和国家事业发展作出了新贡献。 同志们、朋友们！ 2026年是"十五五"开局之年，中共中央已经对全年经济社会发展和其他各项工作作出部署。我们要 完整准确全面贯彻新发展理念，加快构建新发展格局，着力推动高质量发展，坚持稳中求进工作总基 调，实施更加积极有为的宏观政策，推动经济实现质的有效提升和量的合理增长，保持社会和谐稳定， 努力实现"十五五"良好开局。 人民政协要紧扣党和国家中心任务，聚焦"十五五"规划制定和实施深入协商议政、积极建言献策、 开展民主监督，为推进中国式现代化广泛凝聚人心、凝聚共识、凝聚智慧、凝聚力量。 同志们、朋友们！ 蓝图已经绘就，奋进正当其时。全党全国各族人民要更加紧密地团结起来，万众一心、奋发进取， 以实干成就伟业，以创新赢得未来，不断开创中国式现代化 ...

中国证监会就《上市公司董事会秘书监管规则（征求意见稿）》公开征求意见全文可点击 "阅读原文" 。 《规则》共三十八条，主要内容如下：一是明确职责范围。细化董事会秘书在信息披露、公司治理、内外部沟通等方面的具 体职责。二是健全履职保障。从信息获取、履职平台、履职救济等多方面提供保障，促进董事会秘书充分依法履职。三是完善任 职管理。提升董事会秘书任职的专业素养及合规要求，禁止可能有职责冲突的兼任。要求提名委员会对董事会秘书任职资格进行 审查。四是强化责任追究。要求上市公司内部定期开展履职评价和内部追责；对上市公司出现违法违规但董事会秘书未勤勉尽责 的，严格采取监管措施或者实施处罚。 欢迎社会各界提出宝贵意见，中国证监会将根据公开征求意见情况，进一步完善后按程序发布实施。 为进一步规范上市公司董事会秘书履职行为，推动提升上市公司治理水平，中国证监会起草了《上市公司董事会秘书监管规 则（征求意见稿）》（以下简称《规则》），现向社会公开征求意见。 ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has announced the implementation of a pilot program for commercial real estate investment trusts (REITs) to enhance the quality of the REITs market and support the development of a new model for real estate investment, effective from December 31, 2025 [2][3]. Summary by Sections Product Definition - Commercial real estate REITs are defined as closed-end publicly raised securities investment funds that acquire commercial real estate to generate stable cash flows and distribute profits to fund shareholders [2]. Fund Registration and Management Requirements - The announcement outlines requirements for fund registration and operational management, including the roles of fund managers and custodians, due diligence, application materials, and responsibilities for proactive management by fund managers [2]. Role of Fund Managers and Professional Institutions - Emphasis is placed on the responsibilities of fund managers and professional institutions, requiring strict adherence to professional standards and regulatory requirements [2]. Strengthening Regulatory Responsibilities - The announcement clarifies the responsibilities of regulatory bodies in overseeing commercial real estate REITs, including risk monitoring and management [2]. Reference to Existing Guidelines - Other matters related to commercial real estate REITs will follow the guidelines set forth in the "Guidelines for Publicly Raised Infrastructure Securities Investment Funds (Trial)" [2].

Group 1 - The core viewpoint emphasizes the importance of developing commercial real estate REITs as a significant measure to support the new model of real estate development and enhance the quality of capital market services for the real economy [3][4] - The initiative aims to stimulate market participants' vitality by clarifying market access arrangements for commercial real estate REITs and encouraging the issuance of assets that align with policy guidance [3][4] - Regulatory bodies are tasked with enhancing policy promotion, addressing challenges in the development of commercial real estate REITs, and ensuring compliance with disclosure and risk management requirements [4][5] Group 2 - The plan includes expanding the REITs market by increasing the supply of quality REITs and improving the market structure through diverse fundraising mechanisms [5][6] - There is a focus on strengthening the secondary market by developing relevant index systems and encouraging long-term funds to invest in REITs, thereby enhancing market stability [5][6] - The initiative aims to create a comprehensive market ecosystem by optimizing the issuance and trading mechanisms of REITs and ensuring effective communication with relevant departments [6][7] Group 3 - The proposal includes optimizing the REITs registration and review process to enhance efficiency and transparency, ensuring a clear division of responsibilities [8][9] - A market-oriented standard system will be established to address various asset types, promoting stable expectations and improving the quality of information disclosure [8][9] - The regulatory framework will be strengthened to cover all aspects of REITs, including due diligence, pricing, and asset management, to ensure compliance and risk management [9][10] Group 4 - The initiative emphasizes the importance of maintaining market stability through improved information disclosure and monitoring mechanisms to prevent significant risks [10] - There is a call for collaboration among various regulatory bodies to enhance the effectiveness of supervision and promote the implementation of REITs initiatives [10][11]

Core Viewpoint - The article emphasizes the importance of studying and implementing the spirit of the Fourth Plenary Session of the 20th Central Committee, which is a significant political task for the entire party and society in the current and future periods [2][3]. Group 1: Understanding the Spirit of the Fourth Plenary Session - The "14th Five-Year Plan" period is crucial for achieving socialist modernization, serving as a bridge between past and future developments [3]. - The Central Committee's analysis indicates that the country faces a complex environment with both strategic opportunities and risks, necessitating a unified approach to the Central Committee's decisions [3]. - The guiding principles and major tasks outlined in the "14th Five-Year Plan" are based on a scientific summary of experiences since the reform and opening up, providing essential guidelines for economic and social development [3]. - The article stresses the importance of the Party's leadership as a fundamental guarantee for economic and social development, especially in complex and challenging situations [3]. Group 2: Implementation of the Fourth Plenary Session's Spirit - The focus should be on promoting high-quality development, emphasizing the importance of the real economy and deepening reforms [4]. - Accelerating the construction of a new development pattern is essential, with a focus on expanding domestic demand and enhancing the interaction between consumption and investment [4]. - Advancing common prosperity for all people is a priority, with efforts to improve living standards and promote regional coordinated development [4]. - A comprehensive approach to development and security is necessary, ensuring that safety is integrated into the development process [4]. - Coordination across various fields is crucial, requiring a systematic perspective and consistent macro policy orientation [4]. Group 3: Party Governance and Economic Development - Effective party governance strengthens the foundation for economic and social development, necessitating a persistent commitment to strict party governance [5]. - The article highlights the need for the Party's self-revolution to be closely linked with economic and social development, ensuring that the Party's construction principles are fully implemented [5]. - Continuous efforts in improving party conduct and combating corruption are essential for maintaining focus on grassroots implementation and ensuring the Party's mission is upheld [5].

Group 1 - The China Securities Regulatory Commission (CSRC) has approved the registration of coking coal options on the Dalian Commodity Exchange [2] - The CSRC will supervise the Dalian Commodity Exchange to ensure the smooth launch and stable operation of the coking coal options [2]

全国政协举行新年茶话会 习近平发表重要讲话 李强赵乐际蔡奇丁薛祥李希韩正出席 王沪宁主持 新华社北京12月31日电 中国人民政治协商会议全国委员会12月31日上午在全国政协礼堂举行新年 茶话会。党和国家领导人习近平、李强、赵乐际、王沪宁、蔡奇、丁薛祥、李希、韩正等同各民主党派 中央、全国工商联负责人和无党派人士代表、中央和国家机关有关方面负责人以及首都各族各界人士代 表欢聚一堂，共迎2026年元旦。 中共中央总书记、国家主席、中央军委主席习近平发表重要讲话。他强调，蓝图已经绘就，奋进正 当其时。全党全国各族人民要更加紧密地团结起来，万众一心、奋发进取，以实干成就伟业，以创新赢 得未来，不断开创中国式现代化建设新局面。 习近平代表中共中央、国务院和中央军委，向各民主党派、工商联和无党派人士，向全国各族人 民，向香港同胞、澳门同胞、台湾同胞和海外侨胞，向关心和支持中国现代化建设的各国朋友，致以新 年的美好祝福！ 习近平强调，一年来，人民政协认真贯彻落实中共中央决策部署，着力巩固团结奋斗的共同思想政 治基础，紧紧围绕进一步全面深化改革、推动高质量发展等议政建言，为党和国家事业发展作出了新贡 献。 习近平指出，202 ...

新华社北京12月30日电 中央农村工作会议29日至30日在北京召开。会议以习近平新时 代中国特色社会主义思想为指导，深入贯彻党的二十大和二十届历次全会精神，全面贯彻习近 平总书记关于"三农"工作的重要论述和重要指示精神，落实中央经济工作会议精神，分析当 前"三农"工作面临的形势和挑战，部署2026年"三农"工作。 党中央高度重视这次会议。会前，中央政治局常委会会议就开好这次会议、做好"三农"工 作提出明确要求。 中共中央总书记、国家主席、中央军委主席习近平对做好"三农"工作作出重要指示。习近 平指出，2026年是"十五五"开局之年，做好"三农"工作至关重要。要坚持以新时代中国特色社 会主义思想为指导，深入贯彻党的二十大和二十届历次全会精神，锚定农业农村现代化，扎实 推进乡村全面振兴，推动城乡融合发展。要毫不放松抓好粮食生产，促进良田良种良机良法集 成增效，提升农业综合生产能力和质量效益。要提高强农惠农富农政策效能，促进粮食等重要 农产品价格保持在合理水平，促进农民稳定增收。要持续巩固拓展脱贫攻坚成果，把常态化帮 扶纳入乡村振兴战略统筹实施，守牢不发生规模性返贫致贫底线。要学习运用"千万工程"经 验，因地制宜推 ...

中共中央总书记习近平主持会议并发表重要讲话 新华社北京12月26日电 中共中央政治局于12月25日至26日召开民主生活会，深入学习 贯彻习近平新时代中国特色社会主义思想，全面贯彻落实党的二十届四中全会精神，围绕锲而 不舍落实中央八项规定精神，推进作风建设常态化长效化，结合思想和工作实际进行自我检 视、党性分析，开展批评和自我批评。 中共中央总书记习近平主持会议并发表重要讲话。 会前，有关方面作了认真准备。中央政治局同志同有关负责同志谈心谈话，听取意见建议，撰 写发言提纲。会上，先听取关于2025年中央政治局贯彻执行中央八项规定情况的报告和关于 2025年整治形式主义为基层减负工作情况的报告。中央政治局的同志逐个发言，围绕会议主 题，对照《中共中央政治局关于加强和维护党中央集中统一领导的若干规定》、《中共中央政 治局贯彻落实中央八项规定实施细则》，认真查摆、深刻剖析，坦诚相待、畅所欲言，气氛严 肃活泼，收到预期效果。 中央政治局同志的发言，聚焦5个重点。一是带头强化政治忠诚、提高政治能力，二是带头固 本培元、增强党性，三是带头敬畏人民、敬畏组织、敬畏法纪，四是带头干事创业、担当作 为，五是带头坚决扛起管党治党责 ...