证监会最新发布，事关中小投资者保护、境外投资者制度优化

Core Viewpoint - The China Securities Regulatory Commission (CSRC) emphasizes the importance of enhancing investor protection and expanding high-level institutional openness in the capital market during the 2025 Financial Street Forum [1] Group 1: Investor Protection Measures - The CSRC has introduced 23 specific measures across eight areas to strengthen the institutional foundation for protecting small and medium-sized investors [2] - The measures include strict enforcement against market misconduct, such as insider trading, market manipulation, and the dissemination of false information through social media [4] - The CSRC encourages the implementation of "advance compensation" commitments by issuers to ensure timely and effective compensation for investors [5] Group 2: Optimizing Foreign Investor Access - The "Qualified Foreign Institutional Investor (QFII)" system is recognized as a key channel for foreign investment in China, and the CSRC aims to enhance its attractiveness [6] - The newly released "Work Plan" outlines two main areas for optimizing access management: improving pre-investment access processes and implementing classified management for access [7] - The CSRC, along with the People's Bank of China and the State Administration of Foreign Exchange, is working to streamline the qualification approval and account opening processes for foreign investors [10][12]