司法保障资本市场改革发展纲领性文件发布

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 support for the high-quality development of the capital market by addressing illegal activities and protecting investors' rights [1][2][3][4] Group 1: Investor Protection - The "Opinions" emphasize the need to combat fraudulent issuance and financial information disclosure violations, while improving the civil compensation system for false statements [1] - Regular representative litigation for securities disputes will be conducted to facilitate investors in protecting their legal rights and reduce their costs [1][2] Group 2: Market Participant Behavior Regulation - The "Opinions" advocate for securities, futures, and fund management institutions to return to their core functions and operate steadily [2] - In disputes related to shareholder rights of securities and futures fund management institutions, courts are required to thoroughly examine the company's equity structure and control arrangements [2] Group 3: Market Order and Ecology - The "Opinions" call for strict action against the dissemination of false information and illegal competition that disrupts market order [3] - Victims of false information, such as "small essays," are supported in filing civil lawsuits for damages, with criminal liability pursued where applicable [3] Group 4: Judicial and Administrative Coordination - The "Opinions" promote a diversified dispute resolution mechanism and enhance the collaboration between judicial and administrative processes [3] - Courts are instructed to inform potential buyers in equity auction announcements about the risks of not meeting regulatory shareholder conditions [3] Group 5: Organizational Support and Capacity Building - The "Opinions" stress the importance of strengthening the financial trial team and optimizing the jurisdiction and trial mechanisms for financial cases [4] - Continuous efforts will be made to improve the institutional foundation for judicial support in the capital market [4]