■择远 历时五天的第七届"5·15—5·19中小投资者保护宣传周"公益活动于5月19日圆满结束。 这是一场倡导理性投资、价值投资、长期投资，防范风险的金融知识普及的盛宴。五天的时间里，在北 京、深圳和上海，《证券日报》与投资者一起，聆听了资本市场各个参与主体的真知灼见，深切感受到 了他们对投资者保护工作的满腔热情。 保护投资者特别是中小投资者的合法权益，是资本市场工作政治性、人民性的集中体现，承载着万千投 资者的切身利益与美好期许。这在客观上就需要市场各方凝聚共识、共同努力，协同推进投资者保护工 作：不断健全投资者保护长效机制，合力培育成熟理性的投资文化，积极营造崇法守信的市场生态，切 实增强投资者对资本市场的信任和信心，提升投资者的获得感、安全感和参与感，推动资本市场高质量 发展。 这充分体现了保护投资者的鲜明导向，也是媒体必须积极践行的职责。唯有向投资者传递权威的声音、 普及更多的知识、倡导正确的投资理念，才能在投资者保护的道路上行稳致远，切实成为投资者保护的 引领者、推动者。我们是这么说的，也是这么做的。 作为"社会公器"的媒体必须要积极履行好社会责任。因为这是投资者了解政策、获取信息、形成预期的 重要 ...

本报记者 毛艺融 投资者保护是资本市场健康发展的基石。历时五天，由《证券日报》社有限责任公司主办，北京基金小 镇投资者教育基地、东方财富、第一创业证券联合举办，中国上市公司协会、中证中小投资者服务中心 有限责任公司（以下简称"中证投服中心"）为支持单位的第七届"5·15—5·19中小投资者保护宣传周"公 益活动，日前在北京、上海、深圳三地圆满结束。 此次公益活动以"践行'三投资'，筑牢'两防范'"为主题，邀请了券商首席分析师、公益律师、上市公司 代表等通过主题分享、圆桌讨论的形式，为投资者们普及投资知识，倡导理性投资、价值投资和长期投 资理念，提升投资者的风险意识和自我保护能力。 "5·15—5·19中小投资者保护宣传周"公益活动已连续举办了七届。今年，来自北京、上海、深圳的投资 者分别在中央财经大学、东方财富投资者教育基地、第一创业投资者教育基地，聆听资本市场投资者保 护的新方法、新举措。 中国上市公司协会会长宋志平在致辞时表示，股市稳定关乎经济社会大局、关乎亿万投资者切身利益。 保护投资者是一项系统工程。一是需加强公司治理规范性，筑牢投资者保护基石；二是要提高市值管理 水平，积极主动回报投资者；三是要强化 ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has released its annual top ten investor protection cases, highlighting various legal actions and mechanisms aimed at safeguarding investor rights in the capital market [1][2]. Group 1: Investor Protection Cases - The top ten cases include significant legal actions such as representative lawsuits and mediation of securities fraud, market manipulation, and private fund disputes [1]. - Notable cases include the first-ever representative lawsuits for market manipulation and the first case of public nomination of independent directors by an investor protection agency [1][9]. Group 2: Specific Cases - The representative lawsuits for Jin Tong Ling and Mei Shang Ecological involve collective actions against financial fraud, with both companies accused of inflating profits and failing to disclose related party transactions [2][3]. - The Jin Tong Ling case involves approximately 50,000 investors, while the Mei Shang Ecological case involves over 33,000 investors [3]. Group 3: Regulatory Actions - The CSRC has taken strict actions against fraudulent issuance and market manipulation, with a notable case involving Evergrande Group, which faced a fine of 4.175 billion yuan for fraudulent bond issuance [4][5]. - The case against Wang, who manipulated the market using 145 accounts, resulted in a civil lawsuit with a total penalty of 5.7 billion yuan [5][6]. Group 4: Innovative Mediation Mechanisms - The "Tai An Tui" case marked the first successful zero-cost representative lawsuit through judicial collaboration, recovering 572 million yuan for investors [7]. - The introduction of a "demonstration mediation + arbitration confirmation" mechanism has successfully resolved private fund disputes, with 97 investors receiving nearly 300 million yuan in compensation [8][9]. Group 5: Independent Director Nomination - The first public nomination of an independent director by an investor protection agency occurred in the case of First Medical, which is seen as a significant step towards improving the independent director selection mechanism [9].

资本汇三秦，丝路启新程！保护投资者合法权益的重要性不言而喻。我国资本市场发展历经从无到有、从小到大，投资者的支持起到至关重要的作用；上市 公司群体的发展壮大、做优做强，投资者的陪伴不可或缺。 5月20日下午，在陕西证监局、陕西省国资委和省委金融办指导下，陕西上市公司协会联合全景网主办的2025年陕西辖区上市公司投资者集体接待日暨2024 年度业绩说明会在西安圆满举行。今年也是第十八年举办陕西辖区上市公司投资者集体接待日活动。 陕西证监局党委委员、副局长李国强，陕西证监局公司监管处处长张峰、陕西省委金融办协调服务处一级主任科员孙君厚、陕西上市公司协会常务副会长兼 秘书长高艳、深圳市全景网络有限公司副总经理张媛媛等领导嘉宾出席活动，陕西辖区上市公司341名相关负责人参与，通过全景路演平台与来自全国各地 的投资者进行了广泛而高效的互动交流。 活动伊始，李国强在致辞中表示，2024年四月，国务院出台《关于加强监管防范风险推动资本市场高质量发展的若干意见》，其中贯穿始终的一条主线就是 坚守资本市场工作的人民性，要通过把好"入口关"，畅通"出口关"，抓好退市制度改革落地实施等，有效的保护投资者，特别是中小投资者的合法权益 ...

2025年5月15日，是第七个"全国投资者保护宣传日"。各地证监局、行业协会、金融机构联合开展投教活动，通过公益 广告、短视频、户外活动等形式，向投资者普及证券期货基础知识、防非反诈技巧等。 中国期货市场监控中心统计，截至2025年3月末，期货市场全市场有效客户总量达254万个，环比增长1.8%，连续两年 保持季度环比正增长。交易者结构呈现"双轮驱动"特征，一方面机构交易者参与度显著提升，法人新开客户数较5年前 增长55%；另一方面个人交易者稳步扩容，个人新开客户数同比保持1%的稳健增长。期货市场完善价格发现机制、优 化风险管理工具、推动资源高效配置等功能发挥日益充分，其服务实体经济的独特作用已获得市场参与主体的广泛认 可。 5·15防非反诈微电影｜《剧本》 引导合作单位积极参与，推动投保工作常态化。郑商所积极引导郑商所投教专项工作合作单位，通过"线上+线下"相 结合的形式，围绕"5·15"活动主题，向投资者和公众宣传期货基础知识、知权维权等内容，共组织23场活动，覆盖近 4000人。此外，郑商所还启动了2025年郑商所投教短视频作品征集活动，围绕"中国特色金融文化"、防范非法期货等 主题，督促合作单位积极落 ...

Core Viewpoint - The seventh "5·15-5·19 Investor Protection Awareness Week" is being held in Beijing, Shanghai, and Shenzhen, focusing on promoting rational, value, and long-term investment principles while enhancing investors' risk awareness and self-protection capabilities [1][6]. Group 1: Event Overview - The event is organized by the Securities Daily, with support from various financial institutions and organizations, aiming to educate investors through discussions and presentations [1]. - The theme of the event is "Practicing Three Investments, Building Two Safeguards," emphasizing the importance of investor education [1]. Group 2: Key Insights from Huang Jiangdong - Huang Jiangdong, a partner at Guohao Law Firm, highlighted that investors are the "first responsible person" for protecting their rights and proposed five key capabilities for improvement [4]. - The five suggestions include: 1. Establishing correct investment concepts and focusing on intrinsic value rather than short-term market fluctuations [4]. 2. Enhancing investment capabilities by improving the ability to interpret financial reports and policies to identify potential risks and values [5]. 3. Optimizing investment allocation by increasing the proportion of fund investments to enhance risk resistance [5]. 4. Actively participating in corporate governance and exercising shareholder rights to monitor company operations [5]. 5. Legally pursuing rights protection through improved systems and platforms for efficient claims [5]. Group 3: Importance of Knowledge and Legal Rights - Huang emphasized that sufficient knowledge and risk awareness are crucial for achieving financial goals and wealth growth, and that legal rights protection is an important means for investors to safeguard their interests [5].

Core Viewpoint - Zhengzhou Commodity Exchange (ZCE) is actively promoting investor education and protection through a series of engaging activities, aligning with national initiatives to enhance public awareness of futures trading and risk prevention [1][2]. Group 1: Investor Education Activities - ZCE organized a variety of online and offline investor education activities, collaborating with regulatory bodies, associations, and educational institutions to enhance public understanding of futures trading [1]. - In Zhengzhou, ZCE partnered with the Henan Securities Regulatory Bureau and the China Futures Association to host a large outdoor event, attracting over 4,000 citizens to learn about futures knowledge and rational investment concepts [1]. - In Hangzhou, ZCE collaborated with 17 organizations to conduct an outdoor experience event that combined law, finance, and education, engaging around 1,000 citizens in activities promoting rational investment and risk prevention [1]. Group 2: Future Plans and Regulatory Compliance - ZCE plans to continue implementing the "New National Nine Articles" policy and strengthen regulatory measures to promote high-quality development in the futures market [2]. - The exchange aims to enhance risk prevention awareness among market participants and protect the legitimate rights of small traders, fostering a conducive environment for rational trading and legal rights protection [2]. - ZCE emphasizes the importance of innovative educational formats and collaboration with industry stakeholders to deepen public engagement in futures knowledge dissemination [2].

中新社北京5月19日电 (记者 陈康亮)继5月7日发布的一揽子金融政策后，中国资本市场近期再迎多项增 量政策。分析认为，这有利于持续稳定和活跃中国资本市场。 上市公司是市场之基，提升上市公司质量是助力股市"稳与活"的基础。 中国证监会副主席李明5月19日在深圳证券交易所主办的2025全球投资者大会上表示，证监会将持续引 导上市公司积极通过现金分红、回购增持、并购重组等方式提升投资价值，不断打造高质量、有活力的 上市公司群体。 南开大学金融发展研究院院长田利辉在接受中新社记者采访时表示，中国资本市场以投资者为本的理念 正得到政策端有力支持。监管层提出的上述措施务实、有力，部分已经落地。如近日印发的《推动公募 基金高质量发展行动方案》，标志着中国公募基金行业进入以"投资人利益为核心"的深度改革阶段。新 规强化基金公司与投资者的利益绑定，通过"浮动费率"机制打破基金"旱涝保收"等问题，推动基金公司 重视投资者回报，有利于提升投资者信心。 助力股市"稳与活"除了要"强本强基"，也离不开"严监严管"。 5月15日，中国最高人民法院、证监会联合发布的《关于严格公正执法司法服务保障资本市场高质量发 展的指导意见》提出，对于 ...

Core Viewpoint - Investor protection is essential for the high-quality development of listed companies and the healthy growth of capital markets, as emphasized by the company during the "5.15 National Investor Protection Promotion Day" [1] Group 1: Investor Rights Protection - The company views investor rights protection as a crucial aspect of corporate governance and places it at the core of its development strategy [1] - The company aims to enhance transparency in information disclosure and establish a two-way communication platform [1] - Measures such as optimizing dividend policies and implementing stock buybacks are being taken to improve the investor return mechanism [1] Group 2: Dividend Policy - A stable dividend policy showcases the company's financial strength and cash flow, enhancing investor confidence and promoting long-term value investment [2] - Since its listing, the company has distributed a total of 9.43 billion yuan in cash dividends, which accounts for 32.63% of the net profit attributable to the parent company, significantly exceeding the total financing amount of 4.68 billion yuan [2] - For 2024, the company has implemented a mid-term dividend to further stabilize investor expectations and attract long-term funds from low-risk investors [2] Group 3: Stock Buyback - The company has initiated stock buybacks as an effective means to boost investor confidence and demonstrate recognition of its own value [3] - As of the end of April, the company has repurchased 14.7161 million shares for a total amount of 243 million yuan, reflecting management's confidence in the company's intrinsic value [3] - The company emphasizes that investor protection is a shared value choice among market participants and plans to continue improving its investor protection system [3]

此次开放日活动深度契合"5·15全国投资者保护宣传日"的核心主旨，通过创新互动形式搭建起上市公司 与投资者的沟通桥梁。本次活动不仅让投资者获得沉浸式的企业认知体验，更通过多维度交流促进上市 公司完善治理、提升质量。作为一场凝聚监管部门、上市公司、投资者多方合力的投保宣传活动，有效 强化了市场主体的投资者保护意识，为优化资本市场生态、增强投资者信心贡献了积极力量，有力助推 了区域资本市场的高质量发展进程。 为全面落实党的二十大和二十届二中、三中全会精神以及中央金融工作会议部署要求，更加有效保护投 资者特别是中小投资者合法权益，根据证监会统一部署，2025年5月19日，在天津证监局的指导下，由 天津上市公司协会主办，天津凯发电气股份公司承办【"5·15全国投资者保护宣传日——走进上市公司 凯发电气"】活动。天津上市公司协会、证券时报、上证报、证券日报、中证报、全景网、天津辖区证 券经营机构领导及相关负责人、个人投资者共计30余人参加。 天津凯发电气股份有限公司于2000年1月25日成立，主营业务覆盖电气化铁路和城市轨道交通两大领 域。是国内最早从事高速电气化铁路牵引供电自动化系统的厂商之一。于2014年12月3日 ...