Core Viewpoint - The China Securities Regulatory Commission (CSRC) has released guidelines for the selection of provincial and ministerial-level research topics for 2026, focusing on enhancing the inclusiveness and adaptability of the capital market during the "14th Five-Year Plan" period [1] Group 1: Research Directions - The CSRC has identified 12 key research topics, including improving the governance effectiveness of listed companies under the new Company Law, optimizing the structure of listed companies, and studying the binding mechanism between public funds and investor interests [1] - Other research areas include innovations in pension financial investment mechanisms, regulatory oversight of accounting firms in the capital market, and trends in investor behavior patterns influenced by AI technology [1] - Additional topics cover enhancing regulatory capabilities in an open environment, addressing common illegal issues in securities enforcement, and policies to promote long-term capital inflow into the market [1] Group 2: Research Management - The CSRC stipulates that research projects should ideally be led by one or two units, with a diverse range of participating organizations, including top domestic and international think tanks, universities, and market institutions [2] - The CSRC emphasizes the importance of maintaining high-quality submissions, prohibiting duplicate applications, and requiring clear distinctions between related projects in the application [2] - The China Securities Financial Research Institute has been designated as the organizing and management unit for these research projects, which are expected to last between 6 to 12 months, with a submission deadline of March 31, 2026 [2]