加强中小投资者保护 “23条”政策措施出台

Group 1 - The China Securities Regulatory Commission (CSRC) released a comprehensive policy document on October 27, focusing on the protection of small and medium-sized investors, outlining 23 specific measures across eight areas [1] - The document emphasizes the importance of collaboration among relevant parties to ensure the implementation of these measures, aiming to effectively safeguard the legal rights of investors, particularly small and medium-sized ones [1] Group 2 - The policy requires operating institutions to take responsibility for investor education and service, ensuring that they integrate investor education into their business processes and adequately inform investors about risks and important contract terms before selling financial products [2] - Institutions are urged to improve their mechanisms for handling investor complaints and disputes, enhancing service quality and ensuring that investor protection is embedded in their compliance management [2] Group 3 - Investor protection institutions are encouraged to play a more significant role in dispute resolution, including supporting litigation and representing investors in lawsuits, with data showing substantial compensation awarded to investors through these efforts [3] - The policy aims to enhance the capacity of investor protection institutions to meet the growing demand for legal rights protection among small and medium-sized investors [3] Group 4 - The document outlines measures to enrich the scenarios in which investor protection institutions can support small and medium-sized investors, including participation in bankruptcy proceedings and enhancing the visibility of typical cases to guide investors in exercising their rights [4] - It mandates that investor protection institutions publicly announce their actions regarding shareholder rights and civil lawsuits to keep investors informed [4] Group 5 - The policy establishes mechanisms for protecting small and medium-sized investors during the delisting process, emphasizing the need for continuous monitoring of companies at risk of delisting and ensuring transparency regarding such risks [5] - It also calls for proactive measures from controlling shareholders of companies facing mandatory delisting due to significant violations, including compensation for affected investors [6] - The policy highlights the necessity for comprehensive protection for investors throughout the delisting process, from risk warnings to monitoring abnormal trading and ensuring accountability [6]