夯实资本市场法治基础 保护投资者合法权益

Core Viewpoint - The article emphasizes the commitment of the judicial system to strictly punish securities and futures crimes, aiming to maintain market order and protect investors' interests, thereby promoting the stable and healthy development of the capital market [1][3]. Group 1: Judicial Actions and Statistics - From January to November 2025, the Supreme People's Procuratorate assigned 166 securities crime cases to local authorities, with 12 major financial fraud cases and 8 significant private fund crime cases under special supervision [1][3]. - A total of 717 individuals were prosecuted for securities and private fund crimes nationwide during the same period, with significant increases in prosecutions for financial fraud and market manipulation, rising by 19% and 57.4% year-on-year, respectively [2][4]. Group 2: Legal Framework and Guidelines - The Supreme People's Procuratorate is enhancing the judicial norms for securities crimes by collaborating with the China Securities Regulatory Commission to issue guidelines aimed at strengthening the legal framework for capital market governance [2][4]. - The article highlights the use of a "penetrating review" approach by prosecutors to accurately understand the legal relationships in complex private fund cases, leading to confessions from previously silent defendants [2][4].