政在发声｜最高法、证监会联合出击！资本市场投资者保护网越织越密

Core Viewpoint - The release of the "Guiding Opinions" aims to strengthen judicial and administrative collaboration to promote high-quality development of the capital market, with a strong emphasis on investor protection [1][4]. Investor Protection - Investor protection is prioritized, with regulations requiring financial institutions to compensate investors for losses incurred due to inadequate suitability management when recommending products [1][8]. - The "Guiding Opinions" explicitly state that severe penalties will be imposed for financial fraud, including fraudulent issuance and improper information disclosure, with criminal liability for third parties involved in such fraud [1][4][9]. Legal and Regulatory Framework - The document outlines 23 specific opinions across five areas, including overall requirements, investor protection, market participant norms, judicial-administrative collaboration, and implementation guarantees [1][4]. - It emphasizes the need for courts to protect investors' rights, including the right to information, participation in major decisions, and fair market participation based on accurate disclosures [4][5]. Judicial Efficiency and Access - The "Guiding Opinions" promote streamlined processes for representative lawsuits, allowing investor protection agencies to initiate lawsuits on behalf of groups of investors, thereby enhancing litigation efficiency [5][6]. - Various channels for investor feedback and rights protection, such as consultation hotlines and online services, are encouraged to ensure investors can express their opinions and access their rights [6][14]. Cross-Border and International Cooperation - The document indicates ongoing efforts to establish judicial frameworks for cross-border securities and futures disputes, ensuring equal protection for domestic and foreign investors [12][13]. - It highlights the importance of international judicial cooperation to reduce the costs of rights protection for investors [13]. Whistleblower Protection - Enhanced protections for whistleblowers in the capital market are mandated, ensuring their employment rights and fair treatment are safeguarded [10].