证监会：巩固市场稳中向好势头

Core Viewpoint - The China Securities Regulatory Commission (CSRC) emphasizes the importance of risk prevention, strong regulation, and promoting high-quality development in the capital market, aiming for stability and growth amidst various challenges [3][4]. Group 1: 2025 Achievements - The CSRC has made significant progress in stabilizing the market, with a notable increase in medium to long-term capital entering the market, leading to a recovery trend [3]. - A total of 701 cases of securities and futures violations were investigated, resulting in fines totaling 15.47 billion yuan, indicating enhanced regulatory effectiveness [3]. - The total cash dividends and buybacks from listed companies reached 2.68 trillion yuan, reflecting a focus on high-quality development [3]. - The IPO and refinancing activities amounted to 1.26 trillion yuan, while the bond market issued various bonds totaling 16.3 trillion yuan [3]. Group 2: Future Directions - The CSRC plans to strengthen market monitoring and regulation to maintain stability, prevent excessive market fluctuations, and promote long-term investment [5]. - Reforms will continue to enhance the adaptability and inclusiveness of the multi-tiered equity market, including the implementation of the "1+6" policy for the Sci-Tech Innovation Board [5]. - The regulatory framework will be tightened to combat financial fraud, price manipulation, and insider trading, with a focus on improving the effectiveness of enforcement [5]. Group 3: Governance and Party Leadership - The CSRC is committed to strengthening party leadership and governance within the commission, ensuring that high-quality development is guided by strong party principles [4][7]. - There will be a focus on enhancing the capabilities of the regulatory team and improving accountability mechanisms to combat corruption and promote integrity [7]. - The CSRC aims to foster a culture of practical results and effective governance, addressing issues of formalism and bureaucratism [7].