Core Viewpoint - The China Securities Regulatory Commission (CSRC) emphasizes enhancing the resilience and risk resistance of the capital market, improving the inclusiveness and adaptability of market systems, and strengthening regulatory effectiveness and deterrence, while promoting deeper and higher-level market openness [1][2]. Group 1: Capital Market Resilience and Risk Management - The CSRC aims to cultivate a high-quality group of listed companies and improve the market ecology for long-term investments, thereby strengthening the internal foundation for market stability [2]. - The focus is on enhancing the resilience and risk resistance of the capital market through comprehensive reforms in investment and financing [2]. Group 2: Market System Improvement - The CSRC plans to deepen reforms in the Sci-Tech Innovation Board and the Growth Enterprise Market, leveraging the functions of multi-tiered equity markets such as the New Third Board and private equity [2]. - There is an emphasis on reinforcing the functions of the bond and futures markets to improve the overall market system [2]. Group 3: Regulatory Effectiveness - The CSRC intends to intensify the crackdown on various illegal activities in securities and futures, advancing digital and intelligent regulation to enhance regulatory efficiency and investor protection [2]. - The focus is on strict law enforcement and improving the legal framework of the capital market [2]. Group 4: Market Openness - The CSRC aims to promote a higher level of openness in the capital market, balancing openness with security, and advancing the dual-directional opening of markets, products, and institutions [2]. - There is a commitment to building a world-class exchange and supporting Hong Kong's status as an international financial center [2]. Group 5: Party Discipline and Team Building - The CSRC emphasizes strengthening party discipline and the construction of its workforce, ensuring accountability in political responsibilities and promoting a culture of integrity [2]. - The focus is on continuous improvement in the regulatory team's capabilities and effectiveness [2][3].

Core Viewpoint - The meeting emphasized enhancing the resilience and risk resistance of the capital market, improving the inclusiveness and adaptability of market systems, and strengthening regulatory enforcement effectiveness and deterrence [1][3][4]. Group 1: Capital Market Resilience and Stability - Focus on cultivating and developing a high-quality group of listed companies, improving the "long money long investment" market ecology, and strengthening long-term market stability mechanisms [2][4]. - Continuous consolidation of the internal foundation for market stability [2][4]. Group 2: Regulatory Improvements - Enhance the effectiveness and deterrence of regulatory enforcement by strictly combating various securities and futures violations, accelerating digital and intelligent regulation, and strengthening the rule of law in the capital market [2][4][5]. - Improve the protection of investor rights and interests [4]. Group 3: Market Openness and International Cooperation - Promote deeper and higher-level capital market openness, coordinating safety and openness, and orderly advancing the two-way opening of markets, products, and institutions [2][5]. - Support Hong Kong in consolidating and enhancing its status as an international financial center and deepen international regulatory cooperation to improve risk prevention and regulatory capabilities in an open environment [5]. Group 4: Party Discipline and Team Building - Strengthen the party's discipline and the construction of the regulatory team, ensuring strict governance and promoting a culture of integrity within the China Securities Regulatory Commission [2][5]. - Emphasize the importance of learning and implementing the spirit of the 20th Central Committee's Fourth Plenary Session as a major political task [5].