上交所：更大力度推动中长期资金入市 持续稳定和活跃资本市场

Core Viewpoint - The Shanghai Stock Exchange (SSE) is committed to implementing comprehensive reforms and enhancing regulatory measures to stabilize and invigorate the capital market, while also ensuring the protection of investors' rights and promoting high-quality development [1][18]. Group 1: Regulatory and Reform Initiatives - SSE will advance risk prevention, strengthen regulation, and promote high-quality development through a series of financial initiatives, referred to as the "Five Major Financial Articles" [1][18]. - The SSE aims to deepen the comprehensive reform of the capital market, focusing on enhancing the quality and efficiency of investments and returns [1][19]. - The SSE will leverage the Sci-Tech Innovation Board as a testing ground for reforms, implementing various measures to further deepen its reform [1][19]. Group 2: Investor Protection and Market Stability - The SSE emphasizes the importance of protecting the legitimate rights and interests of investors, particularly small and medium-sized investors, by maintaining a fair and transparent market order [1][8]. - The SSE plans to enhance the regulatory framework for market transactions, including the implementation of detailed guidelines for program trading [1][8]. - The SSE will promote the entry of long-term capital into the market to maintain stability and support the development of new productive forces [1][11]. Group 3: Governance and Accountability - The SSE is committed to strengthening the leadership role of the Party in governance and ensuring accountability in the implementation of reforms [1][3]. - The SSE will establish a closed-loop mechanism for accountability throughout the reform process, ensuring that responsibilities are clearly defined and executed [1][4]. - The SSE will enhance the supervision of public power operations and strengthen the mechanisms for oversight and accountability [1][17]. Group 4: Future Work Plans - The SSE will continue to promote the normalization and long-term effectiveness of the reform process, integrating it with daily operations and responsibilities [1][20]. - The SSE aims to build a politically robust, capable, and disciplined team of personnel, focusing on practical achievements and the cultivation of high-end talent [1][20]. - The SSE will maintain a "zero tolerance" approach to corruption and strengthen the cultural foundation for integrity within the organization [1][20].