夯实资本市场法治基础保护投资者合法权益

Group 1 - The core viewpoint emphasizes the commitment of the judicial authorities to strictly punish securities and futures crimes, thereby reinforcing market order and protecting investor interests [1] - The Supreme People's Procuratorate has reported handling 166 securities crime cases from January to November 2025, including 12 major financial fraud cases and 8 significant private fund crime cases [1] - High-profile cases such as those involving Hehexi, Jinjiao Port, Jintongling, Meishang Ecology, Zijing Storage, Shengtong Group, and Brilliance Group have been prosecuted, demonstrating a strong deterrent effect [1] Group 2 - The Supreme People's Procuratorate and the China Securities Regulatory Commission have issued a joint meeting summary to strengthen the legal framework for capital market governance [2] - From January to November 2025, a total of 717 individuals were prosecuted for securities and private fund crimes, with significant increases in the number of prosecutions for financial fraud and market manipulation, rising by 19% and 57.4% year-on-year, respectively [2]