证监会将完善资本市场涉外法治体系，护航“真创新”与防范风险并重

Group 1 - The core viewpoint emphasizes the need to enhance the legal framework for the capital market, maintaining a "zero tolerance" policy towards cross-border illegal activities such as fraudulent issuance and financial fraud [1] - The Shanghai Stock Exchange (SSE) plans to deepen reforms in areas like issuance underwriting, refinancing, and mergers and acquisitions, while exploring regulatory methods that align with technological innovation [1] - The SSE has identified three key review focuses for innovative drug research and refinancing, which include project necessity and feasibility, adequacy of information disclosure, and reasonableness of liquidity support [1]