强化司法与行政协同，资本市场改革纲领性保障文件出炉

Core Viewpoint - The joint release of the "Guiding Opinions" by the Supreme People's Court and the China Securities Regulatory Commission aims to enhance judicial policies and rules, innovate working mechanisms, and strengthen investor protection in the capital market [1][2]. Group 1: Judicial and Regulatory Framework - The "Guiding Opinions" serve as a comprehensive document to improve judicial policies and adjudication rules, enhancing the quality and efficiency of judicial and regulatory oversight in the capital market [1]. - It summarizes the actual work of court enforcement and capital market regulatory enforcement, proposing 23 specific opinions across five areas: overall requirements, investor protection, market participant norms, judicial-administrative collaboration, and organizational implementation [1][2]. Group 2: Investor Protection Measures - Key measures include legally combating fraudulent issuance and financial information disclosure fraud, and improving the civil compensation system for false statements [2]. - The initiative promotes regular representative litigation for securities disputes, facilitating investors in protecting their legal rights and reducing the costs of investor rights protection [2]. Group 3: Collaborative Mechanisms - The "Guiding Opinions" emphasize the need for enhanced collaboration and information sharing between judicial and administrative processes, aiming to improve the effectiveness of judicial execution and administrative regulatory penalties [2]. - Future efforts will focus on implementing the "Guiding Opinions," solidifying the institutional foundation for judicial protection in the capital market, and optimizing the collaborative mechanisms between judicial and regulatory bodies [2].