Core Viewpoint - The China Securities Regulatory Commission (CSRC) has developed the "Implementation Measures for Supervision and Administration of Securities and Futures Markets," which will take effect on June 30, 2026, to enhance the regulatory framework in line with the spirit of the 20th National Congress of the Communist Party of China and related meetings [1][3]. Group 1 - The "Implementation Measures" consists of 25 articles that clarify the types of regulatory measures, including 14 common measures such as orders for correction, regulatory talks, warning letters, and orders for regular reporting, with a catch-all provision for other measures as per laws and regulations [2][4]. - The principles for implementing regulatory measures are defined, emphasizing legality, efficiency, and fairness, and ensuring that actions are based on facts and proportional to the nature, circumstances, severity, and risk of the violations [2][4]. - The procedural requirements for implementing regulatory measures are specified, including evidence collection, decision-making, delivery, on-site enforcement, recusal, legal review, and special procedures for urgent situations [2][4]. Group 2 - The requirements for making and executing regulatory decisions are outlined, detailing what must be included in the decision document, public disclosure requirements, and delivery procedures [2][4]. - Prior to finalizing the "Implementation Measures," the CSRC solicited public opinions, receiving overall support and recognition from various sectors, which led to modifications and improvements based on the feedback [2][4]. - The CSRC will ensure the effective implementation of the "Implementation Measures" moving forward [2][4].