Group 1 - The event "2025 Weibo Finance Night and Beijing Financial Influencers Alliance Annual Meeting" took place on January 15 in Beijing, featuring Lin Yixiang, Chairman of Tianxiang Investment Consulting, as a speaker [1][5]. - Lin Yixiang emphasized that the quality of listed companies should not be overly dependent on the China Securities Regulatory Commission (CSRC), as the CSRC's role is primarily to remove poor companies and allow good companies to enter the market [3][7]. - He criticized the current trading regulations, particularly the allowance of up to 300 trades per second, arguing that this standard lacks theoretical and practical basis, and raises concerns about market manipulation through false trading volumes and prices [3][7]. Group 2 - Lin pointed out that the market is primarily composed of retail investors, who have a high savings rate. He noted that many investors have lost hundreds of billions while asset management firms have earned tens of billions in management fees, leading to a lack of trust among investors [3][7]. - He suggested that the design of trading regulations should return to the fundamental purpose of the market, questioning the impact of halting high-frequency trading on retail investors and asserting that it would serve as a reassurance to them [4][8].