证监会副主席陈华平：必须把保护中小投资者合法权益置于重中之重

Core Viewpoint - The Vice Chairman of the China Securities Regulatory Commission, Chen Huaping, emphasized the importance of prioritizing the protection of small and medium-sized investors' legal rights in promoting coordinated investment and financing functions [1] Group 1: Investor Protection - There are over 250 million investors in the A-share market, with more than 95% being small and medium-sized investors [1] - Small and medium-sized investors face disadvantages in information access, risk identification, and value judgment compared to enterprises and institutions [1] - There is a higher demand for fair trading and quality information disclosure from small and medium-sized investors [1] Group 2: Regulatory Framework - Promoting coordinated investment and financing should draw on international experiences while being tailored to China's national conditions [1] - There is a need for targeted institutional design, product innovation, and rights relief measures [1] - Investor protection should be integrated throughout the entire regulatory process to foster a transparent, fair, and just market environment [1]