证监会：全力巩固市场回稳向好态势

Core Viewpoint - The China Securities Regulatory Commission (CSRC) emphasizes the need for stability and reform in the capital market amidst complex internal and external challenges, while highlighting the certainty of high-quality economic development and asset valuation recovery as foundations for a stable market [1][2]. Group 1: Market Stability and Reform - The CSRC aims to consolidate the market's recovery by enhancing market monitoring and risk response mechanisms, as well as improving expectation guidance [1]. - There is a focus on deepening reforms to stimulate the vitality of multi-level markets, including the implementation of reforms for the Sci-Tech Innovation Board and a comprehensive package of measures for the Growth Enterprise Market [1][2]. Group 2: Enhancing Corporate Value and Governance - The CSRC promotes the enhancement of investment value for listed companies, emphasizing the implementation of merger and acquisition guidelines and major asset restructuring management while preventing conflicts of interest and financial fraud [2]. - There is a push to cultivate long-term and patient capital, encouraging the entry of medium to long-term funds into the market and advancing public fund reforms [2]. Group 3: Regulatory Effectiveness and Risk Control - The CSRC aims to improve regulatory enforcement effectiveness by focusing on significant violations and enhancing collaborative regulation, while also increasing technological regulatory capabilities [2]. - Precise risk prevention measures are to be implemented in key areas of the capital market, including addressing real estate company bond defaults and illegal activities in private equity and securities [2]. Group 4: Open Capital Market - The CSRC plans to systematically research and improve the overall layout and implementation path for capital market openness, promoting coordinated development between onshore and offshore markets [2][3].