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Group 1 - The financial market is currently facing significant issues, particularly with financial fraud among listed companies, which often goes undetected for years before being exposed [2][4] - The reasons for the persistence of financial fraud include light penalties and the failure of intermediary institutions, such as accountants and auditors, to fulfill their roles as gatekeepers [4][5] - There is a need for a shift from administrative penalties to criminal penalties and civil compensation, particularly through the establishment of a group litigation mechanism for small investors [5] Group 2 - The core of financial reform is driven by changing public demand, with projections indicating that by the end of 2025, per capita GDP will reach $14,000, leading to a greater need for diverse and professional wealth management services [8] - The financial landscape is evolving due to two main forces: the trend of "disintermediation," where borrowers and investors seek to bypass traditional banks, and technological advancements that enhance financial services accessibility [11] - The ultimate goal of financial reform is to establish a new international financial center by 2035, which requires a stable legal framework, a strong spirit of contract, and market transparency to attract global capital [15][17]