证监会最新发声！确定2026年资本市场五大重点任务

Core Viewpoint - The China Securities Regulatory Commission (CSRC) held a meeting to summarize the work of 2025 and plan for 2026, emphasizing the need for risk prevention, strong regulation, and promoting high-quality development in the capital market [1][3]. Group 1: Market Stability and Development - The CSRC highlighted the importance of building a risk prevention mechanism, achieving significant breakthroughs in attracting medium- and long-term capital, and showing signs of market recovery [3]. - In 2025, the CSRC handled 701 cases of securities and futures violations, imposing fines totaling 15.47 billion yuan, enhancing the effectiveness of regulatory enforcement [3]. - The total amount of cash dividends and buybacks by listed companies reached 2.68 trillion yuan, indicating a further accumulation of high-quality development momentum [3]. Group 2: Regulatory Enhancements - The CSRC is committed to strengthening the "five major regulations" and accelerating the establishment of a comprehensive punishment and prevention system for financial fraud [3]. - The meeting emphasized the need for stricter enforcement against financial fraud, price manipulation, and insider trading, while improving the administrative-criminal connection mechanism [5]. - The CSRC aims to enhance the regulatory effectiveness and deterrence by promoting more representative lawsuits and early compensation cases [5]. Group 3: Reform and Innovation - The CSRC plans to deepen investment and financing reforms, including the implementation of the "1+6" policy for the Sci-Tech Innovation Board and the introduction of a third set of standards for the Growth Enterprise Market [3]. - The total amount of IPOs and refinancing reached 1.26 trillion yuan, with the bond market issuing various bonds totaling 16.3 trillion yuan [3]. - The CSRC is focused on promoting the integration and high-quality development of the Beijing Stock Exchange and the New Third Board [5]. Group 4: Governance and Party Leadership - The meeting underscored the importance of strengthening the Party's leadership over the capital market and enhancing the accountability of the CSRC [6]. - The CSRC is committed to improving the governance of listed companies and enhancing the constraints on controlling shareholders and actual controllers [6]. - The meeting called for a focus on building a loyal, clean, and responsible cadre team within the CSRC to support comprehensive and strict Party governance [7].