全方位助推资本市场高质量发展

Core Viewpoint - The release of the "Guiding Opinions" by the Supreme People's Court and the China Securities Regulatory Commission marks a significant step in enhancing the legal framework supporting the high-quality development of the capital market, focusing on investor protection and regulatory compliance [1][4]. Summary by Relevant Sections Investor Protection - The "Guiding Opinions" emphasize the importance of investor protection by combating fraudulent issuance and financial information disclosure violations, and improving the civil compensation system for false statements. It also promotes regular representative litigation for securities disputes to facilitate investors in safeguarding their legal rights and reduce the costs of such actions [1][4]. Regulation of Market Participants - The document outlines the need to standardize the behavior of securities, futures, and fund management institutions, urging them to return to their core functions and operate prudently. It includes provisions for addressing improper related-party transactions and prioritizing customer interests in disputes with these institutions [2][4]. Judicial and Regulatory Coordination - The "Guiding Opinions" propose enhancing the coordination between judicial and administrative functions, promoting a multi-faceted dispute resolution mechanism, and improving the efficiency of judicial and regulatory processes through better information sharing and collaboration [3][4]. Organizational Support and Capacity Building - There is a focus on strengthening the financial trial team and optimizing the jurisdiction and trial mechanisms for financial cases. This aims to enhance the standardization and rule of law in regulatory enforcement [3][4]. Overall Impact on the Capital Market - The introduction of the "Guiding Opinions" is expected to reshape the market ecosystem comprehensively, enhancing investor confidence and attracting long-term capital into the market. It aims to facilitate a virtuous cycle of investment and financing, particularly benefiting the futures and derivatives markets by clarifying judicial protections for trading rules [5].