Core Viewpoint - The article emphasizes the need to legally protect patient capital and long-term investments in corporate governance and returns, while continuously improving the judicial environment for early, small, long-term, and hard technology investments [1]. Summary by Sections - Legal actions will be taken against capital violations, including hidden shareholding and illegal wealth creation behaviors [2]. - There will be increased regulatory scrutiny and penalties for fraudulent issuance and continuous information disclosure fraud, with strict accountability for issuers, controlling shareholders, and third-party suppliers involved in financial disclosure fraud [3]. - Support will be provided for investor protection agencies to fulfill their representative duties in shareholder rights disputes, ensuring thorough examination of company ownership structures and reporting any irregularities to regulatory authorities [4]. - The Supreme People's Court and the China Securities Regulatory Commission jointly issued guidelines to ensure strict and fair law enforcement to support the high-quality development of the capital market [5]. - Recent judicial interpretations and comprehensive judicial documents have been established to adapt to the needs of capital market reform, focusing on investor protection, market participant regulation, and judicial-administrative collaboration [6]. - The guidelines propose 23 opinions aimed at enhancing investor protection, regulating market participant behavior, and improving judicial and regulatory collaboration to foster a better market environment [7].

Core Viewpoint - The Supreme People's Court and the China Securities Regulatory Commission jointly issued guidelines to ensure fair law enforcement and judicial support for the high-quality development of the capital market, outlining 23 specific opinions across five key areas [1][3]. Group 1: Investor Protection - Focus on protecting investors by combating fraudulent issuance and financial information disclosure fraud, and improving the civil compensation system for false statements. Regularly conduct representative litigation for securities disputes to facilitate investors in safeguarding their legal rights and reduce the cost of investor rights protection [2]. Group 2: Market Participant Regulation - Standardize the behavior of market participants to create a healthy market ecosystem. Encourage securities, futures, and fund management institutions to return to their core functions and operate steadily. Improve judicial rules for multi-level capital markets, support industry self-regulatory organizations in fulfilling their duties, and purify the capital market ecosystem to prevent and mitigate risks [2]. Group 3: Judicial and Administrative Coordination - Strengthen judicial and administrative collaboration to create a cohesive development force. Promote a diversified dispute resolution mechanism and deepen the "prevention" approach. Enhance communication and information sharing mechanisms to improve the efficiency of judicial proceedings and administrative regulatory processes [2]. Group 4: Organizational Support - Improve organizational support to enhance judicial and regulatory capabilities. Strengthen the construction of financial trial teams, maintain political leadership, and focus on party conduct and integrity. Optimize the jurisdiction and trial mechanisms for financial cases, and enhance the standardization and rule of law in regulatory enforcement [2]. Group 5: Implementation and Future Steps - The Supreme People's Court and the China Securities Regulatory Commission will work together to implement the guidelines, continuously solidifying the institutional foundation for judicial support in the capital market, optimizing the coordination between judicial and regulatory work, and enhancing the standardization and rule of law in regulatory enforcement to better serve the reform and development of the capital market [3].