每经记者｜王砚丹 每经编辑｜肖芮冬 2025年5月15日，是第七个"5·15全国投资者保护宣传日"。自去年"924新政"以来，A股市场发生了深刻 变化。随着市场活跃度提升，个人投资者开户意愿提升，尤其是2024年10月，单月新开户数近684万 户。上交所数据显示，截至2025年4月30日，个人投资者A股总账户数达到3.78亿户。 如何保护投资者合理权益？如何引导不同人生阶段、不同专业知识的投资者正确看待市场波动？如何增 强投资者获得感？这些均是摆在资本市场管理者、建设者面前的课题。 2019年4月3日，证监会决定将每年5月15日设立为"全国投资者保护宣传日"，该节日旨在向全社会积极 倡导理性投资文化，强化投资者保护意识，全面构建资本市场投资者保护新格局。 七年以来，"5·15"成为投资者共同的节日。《每日经济新闻》记者注意到，相比往年，2025年"5.15全国 投资者保护宣传日"已成为覆盖全国、贯穿线上线下的系统性工程，推动投资者保护从单向宣教向生态 化服务转型，为资本市场高质量发展筑牢根基。 看点一：多方主体积极参与，构建投资者保护公益化服务生态 从"5.15"活动的开展与组织工作来看，监管部门、自律组织、 ...

投教是构建理性投资生态的基础工程。近年来，在监管部门持续深入推动下，投教工作内容与形式不断 创新，投教服务方式更加丰富，但投教的精准触达率与长效影响力仍有提升空间。在一年一度的"5·15 全国投资者保护宣传日"来临之际，南都湾财社推出"对话投教护航人"系列报道，以深度展现行业机构 在投教领域的创新实践、典型经验。 华福证券广东分公司近日在接受南都湾财社记者专访时表示，当下，证券行业投资者教育和投资者保护 工作仍面临着多重挑战，比如，大量AI生成的"泛金融内容"误导投资者、便捷获取高质量投教内容的渠 道缺乏、行业机构投教工作缺少合力等，未来需提高投教投保工作的智能化水平，打造投教投保内容共 建共享生态。 对大湾区投资者进行分类投教活动 南都湾财社：当下，投资者教育进入"提质增效"新阶段，作为华福证券深耕大湾区的分支机构，贵司如 何针对大湾区投资者特点，打造特色化、差异化投教服务？ 华福证券广东分公司：大湾区地区经济发达，投资者财富积累较多，对投资的收益期望较高，且风险承 受能力相对较强；另一方面，大湾区国际化程度高，投资者对国际金融市场和投资工具较为关注，投资 视野更为开阔；此外，大湾区内不同城市投资者的年龄结 ...

据悉，本次活动围绕投资者保护核心主题，精心策划主会场活动与投教集市两大板块内容，15家证券基金期货经营机构、投资者教育基 地齐上阵，阵容强大，诚意满满，旨在为投资者带来一场兼具专业性、实用性与趣味性的知识盛宴。 寓教于乐 投教集市精彩不断 为积极响应新时代投资者教育要求，打造广东辖区投资者教育品牌，今年，广东证监局创新投教工作模式，统筹整合辖区监管部门、行 业协会、金融机构等多方投教资源，首次将人流密集的核心商圈作为宣传活动的前沿阵地，精心选定广州城市地标花城广场旁的花城汇 商圈作为宣传据点，旨在以贴近群众、生动鲜活的方式，将专业的投资者保护知识融入市民日常生活。 "粤投教・粤精彩" 投教集市设有14个宣传摊位，面向市民开展主题留影、知识宣讲、现场答疑、趣味游戏等活动，围绕六大板块开展 主题宣传。"财商童趣岛"专注亲子财商教育，助力青少年树立正确金钱观念；"法规研习社"深入解读新"国九条"、《证券法》《公司 法》等法律法规，结合《民法典》宣传月开展普法；"投资解码局"分享投资策略和投资规划，引导投资者理性投资；"钱袋子守护站"聚 焦防非反诈，强调"投资避雷不踩坑"；"维权指南针"普及投资者维权知识，传递依法维 ...

Core Viewpoint - The event held in Harbin emphasized the importance of investor relations and corporate governance among listed companies in Heilongjiang Province, showcasing a commitment to transparency and investor protection [5][9]. Group 1: Event Overview - The "2025 Investor Online Reception Day and Performance Briefing" was successfully held in Harbin, organized by the Heilongjiang Provincial Listed Companies Association [1]. - Nearly 40 listed companies from Heilongjiang participated, with over 120 executives engaging with investors through online communication [4]. Group 2: Key Messages from Leadership - The president of the Heilongjiang Provincial Listed Companies Association highlighted the ongoing efforts to enhance investor relations and the importance of a "investor-centric" development philosophy [5]. - An initiative was proposed for companies to focus on their core business, optimize investor return mechanisms, and improve corporate governance structures [5]. Group 3: Economic Context - Heilongjiang's economy is showing resilience and positive growth, with a total market value of 366.95 billion yuan for the listed companies in the province, reflecting a 7.0% year-on-year increase [6]. - The provincial government is actively promoting the development of the capital market through policy support and market infrastructure improvements [6]. Group 4: Investor Engagement - During the event, company executives addressed investor concerns regarding governance, financial reports, and sustainable development, with a total of 1,220 questions posed by investors and a response rate of 76% [12].

需立足长期战略 上交所相关负责人向记者表示，"提质增效重回报"远非局限于增持、回购等临时性举措，而是公司提升 自身质量和股东回报能力的长期性战略规划。具体而言，在制定2025年行动方案时，上市公司需在公司 现状分析板块，对2024年行动方案的实施成效与存在的不足进行简要总结与阐述，进而有针对性地提出 下一年的改进提升举措。 在具体实践中，威胜信息(688100.SH)便是其中的典型代表。根据公司的行动方案介绍，2024年公司提 质增效成果显著，公司加强境外业务市场开拓，成功推出近50款产品及方案。在上述举措推动下，2024 年公司净资产收益率（ROE）持续提升到20.39%，同比增长1.47个百分点，股东总回报率（TSR）达到 26.66%。 核心在于提升上市公司质量 提质增效重回报的核心在于提升上市公司质量。记者留意到，众多科创板公司围绕提升经营质量、加快 发展新质生产力等方面，针对性提出2025年度的务实举措，推动公司治理与投资价值全面提升。 提升经营质量方面，公司普遍提出加快销售回报、提升产能利用率等举措，并制定明确的经营目标。例 如，和辉光电(688538.SH)、中控技术(688777.SH)分别提 ...

Core Viewpoint - The importance of investor protection, especially for small and medium investors, is increasingly highlighted as a key theme for the stability and vitality of the capital market, with a focus on implementing the new "National Nine Articles" to strengthen the investor protection mechanism [1][2]. Regulatory Framework - The regulatory framework has been continuously improved, with new laws such as the Securities Law and the Criminal Law Amendment (12) establishing a comprehensive accountability system [2]. - The "National Nine Articles" and its accompanying "1+N" policy system enforce strict listing regulations and optimize delisting mechanisms, embodying the principle of finance serving the public [2]. Enforcement and Legal Mechanisms - The effectiveness of law enforcement has been enhanced, with an increasing number of administrative penalty cases by the China Securities Regulatory Commission (CSRC), reflecting a more stringent regulatory approach [3]. - Investor protection channels have become more accessible, with mechanisms like advance compensation and representative litigation reducing the cost of rights protection for investors [3]. Accountability and Legal Framework - There is a need to solidify the legal foundation and improve the "multi-dimensional accountability" system, including normalizing collective lawsuits and enhancing the penalties for insider trading and market manipulation [3]. - The CSRC and other departments are set to issue guidelines to increase the application of property penalties and control the use of probation, significantly enhancing deterrence against violations [3]. Quality Control and Market Entry - The responsibility for quality control of listed companies must be enforced throughout the entire process, from entry to exit, ensuring strict oversight of IPOs and the use of raised funds [4]. - A robust delisting mechanism should be maintained to eliminate "zombie companies" and ensure investor compensation during the delisting process [4]. Role of Intermediaries - Intermediaries must be held accountable for their diligence and responsibilities, with strict penalties for those failing to meet their obligations [4]. - The focus should be on enhancing the independence, professionalism, and quality of service of intermediaries to effectively fulfill their role as gatekeepers [4]. Investor Education and Long-term Protection - Investor education is crucial for building a comprehensive protection framework, necessitating widespread educational activities and a multi-tiered education system [5]. - The capital market is transitioning from a financing-oriented approach to an investment-oriented one, emphasizing the embedding of investor rights protection in every market operation aspect [5].

■择远 今天是第七个"5·15全国投资者保护宣传日"。以此为契机，各方将陆续开展一系列精彩纷呈的活动，唱响保护投资者合法 权益和倡导价值投资的主旋律。 我国资本市场拥有全球规模最大、交易最活跃的投资者群体。保护好广大投资者特别是中小投资者合法权益，让投资者更 加公平地参与资本市场，是资本市场领域践行"以人民为中心"发展思想的具体体现。 保护好投资者特别是中小投资者的合法权益，是证券监管部门的本分和使命。多年来，监管部门不断深化投资者保护理 念，强化投资者保护工作的整体性和协同性。投资者保护工作没有终点，因此监管部门要进一步夯实投资者保护的制度基础， 为投资者提供更为实质的公平保护，增强投资者的安全感、获得感；要坚持问需于市场、问计于市场、问道于市场，牢牢把握 中小投资者占绝大多数的基本市情，持续加强与投资者的沟通；要着力提升监管执法效能，坚持依法严惩、依责严防，快、 准、狠打击违法违规行为。 提高上市公司质量，是对投资者最好的保护，是投资者实现投资价值、分享经济成长红利和上市公司成果的关键。基于 此，上市公司要以提高自身投资价值为重要抓手，增强回报投资者的意识和能力；要把公开透明的要求贯彻到公司信息披露的 全 ...

Group 1: Core Insights - The enhancement of regulatory enforcement quality and the smoothness of investor protection channels are key concerns for investors [1][6] - The new "National Nine Articles" and the "1+N" policy system have systematically reshaped the foundational systems and regulatory logic of the capital market [1][3] - The overall administrative protection efforts have been perceived as stronger than litigation protection, with visible efforts from the CSRC and related investor protection institutions [1][7] Group 2: Regulatory Developments - The CSRC has introduced a legislative work plan for 2025, aiming to strengthen regulation in key areas of the capital market and protect the rights of small and medium investors [3] - In 2024, the CSRC handled 739 cases, with 592 administrative penalties amounting to 15.342 billion yuan, which is 2.4 times that of 2023 [3][4] - Nearly 100 A-share listed companies have faced penalties from the CSRC this year, totaling over 200 million yuan [3][4] Group 3: Investor Protection Mechanisms - The establishment of a multi-faceted dispute resolution mechanism has been emphasized, including mediation, arbitration, and litigation improvements [4][7] - The CSRC has guided the initiation of various representative lawsuits and has successfully mediated over 8,000 cases, recovering more than 650 million yuan for investors [7] - There is a call for optimizing the litigation process to lower barriers for investors seeking to protect their rights [6][8] Group 4: Enhancements in Investor Returns - Recent reforms have focused on improving investor returns by encouraging listed companies to enhance governance and increase dividend payouts [5] - The shift from strict regulation to a more comprehensive service approach aims to not only maintain market order but also enhance actual investor rights [5] - The overall improvement in the investor protection system is expected to boost investor confidence and attract more participation in the capital market [5]

证监会明日将举办"5·15全国投资者保护宣传日"活动 智通财经5月14日电，证监会2025年"5·15全国投资者保护宣传日"活动明天将在北京举行，活动将通过 多种形式，积极宣传投资者保护举措及案例。 (第一财经) ...

Core Viewpoint - The article emphasizes the importance of investor protection and highlights the proactive measures taken by Shenzhou Taiyue to enhance information disclosure and communication with investors [1][4]. Group 1: Investor Protection Measures - Shenzhou Taiyue focuses on improving the quality of information disclosure, ensuring that important matters affecting investor judgment are disclosed in detail [1]. - The company adheres to the principle of fair disclosure and actively engages with investors, particularly small and medium-sized investors, through various channels such as roadshows and online performance briefings [1]. - Shenzhou Taiyue responds objectively to investor inquiries regarding market hotspots, avoiding hype and speculation [1]. Group 2: Financial Performance - From 2020 to 2024, Shenzhou Taiyue's revenue increased from 3.596 billion to 6.452 billion, while net profit rose from 351 million to 1.428 billion, achieving continuous annual growth in both metrics [2]. Group 3: Strategic Initiatives - The company implements an "innovation-driven global layout" strategy, achieving significant results, with overseas revenue share increasing from 64.68% in 2020 to 76.04% in 2024 [3]. - Shenzhou Taiyue adopts effective risk response strategies in the competitive mobile game market, focusing on overseas expansion, strategy-based games, and long-term operations [3]. - The company integrates generative AI technology into its game production processes, significantly enhancing production efficiency, and combines software development with digital technologies to provide intelligent products and solutions for enterprise clients [3]. Group 4: Long-term Investment Value - To encourage long-term and value investing, Shenzhou Taiyue aims to enhance its long-term investment value and communicate this through various investor engagement activities [4]. - The company emphasizes a culture of reliability, avoiding superficiality, and integrates long-termism into its strategic management and operations, aiming to attract patient capital as long-term investors [4].