Core Viewpoint - The China Securities Regulatory Commission (CSRC) is committed to continuous reform and improvement in the capital market, focusing on enhancing investor protection and implementing comprehensive reforms as per the directives from the central government [1][2][3] Group 1: Reform Initiatives - The CSRC aims to deepen reforms in the Sci-Tech Innovation Board, Growth Enterprise Market, and Beijing Stock Exchange, while improving the mechanisms for issuance and listing [1][2] - There is a focus on developing a multi-tiered bond market and enhancing the regulatory framework for futures markets [2] - The CSRC plans to expand high-level institutional openness to increase the attractiveness and competitiveness of China's capital market [2] Group 2: Risk Management and Regulatory Enhancements - The CSRC is enhancing its risk resolution and regulatory enforcement capabilities, emphasizing coordinated development of investment and financing [2] - There will be a push for public fund reforms and an increase in the proportion of various long-term funds entering the market [2] - The CSRC is committed to strengthening the legal framework and improving the effectiveness of inspections to better detect and address violations [2] Group 3: Accountability and Progress - The CSRC has reported progress in addressing issues identified during the central inspection, acknowledging that further efforts are needed to meet the high-quality development standards set by the central government [3] - The commission recognizes the need for ongoing efforts to enhance the effectiveness of its reform initiatives and to address existing gaps [3]