ST路通 （维权）（300555）近日发布公告，公司因证券纠纷和损害公司利益责任纠纷，分别向北京市 昌平区人民法院提起诉讼，两案均已立案受理，ST路通在两案中均为原告，涉案金额合计人民币250万 元（暂计）及所涉案件的诉讼费。 案件一：证券纠纷 诉讼当事人： 原告为无 锡 路通视信网络股份有限公司，被告包括吴世春、顾纪明、尹冠民、庄小正、蒋秀军以及萍 乡汇德企业管理中心（有限合伙）。 主要事实与理由：2025年3月起，被告一吴世春通过司法拍卖、二级市场增持及签订协议等方式，取得 路通视信公司相关股份及表决权。但原告认为吴世春在拥有表决权股份比例增加过程中，未按《证券 法》规定进行报告和公告，违规增持部分股份表决权，且在未履行权益变动报告及公告义务情况下，通 过二级市场违规增持股份。 案件二：损害公司利益责任纠纷 诉讼当事人： 原告为无锡路通视信网络股份有限公司，被告为吴世春、曾庆川、符玉霞。 主要事实与理由：2025年3月起，吴世春通过多种方式谋求上市公司控制权，但未依法履行信息披露义 务、履行收购协议，多次违法要求改选董事会。曾庆川、符玉霞配合召开监事会，拟违法召开股东大会 改选董事会，还擅自在媒体披露公司 ...

Core Viewpoint - The revision of the mediation rules by the China Securities Association aims to protect the rights of small and medium investors in the A-share market, addressing the challenges they face in securities disputes [1][2]. Group 1: Mediation Rule Revisions - The new mediation rules introduce a tiered mediation process and a small claims fast-track mechanism, significantly benefiting small and medium investors by providing a low-cost and efficient way to resolve disputes [1][2]. - For disputes involving amounts less than 5,000 yuan, a simplified mediation process will be prioritized, requiring resolution within 20 days, with a maximum extension of 30 days in special circumstances [1]. Group 2: Impact on Judicial Resources and Industry Compliance - The new rules are expected to free up judicial resources by quickly resolving numerous small disputes, allowing for a more focused approach to complex cases [3]. - Non-compliance with mediation agreements or failure to cooperate with mediation by securities firms will be recorded in the integrity archives of the securities and futures market, leading to potential disciplinary actions [3]. Group 3: Implementation Challenges - The effectiveness of the new rules depends on the voluntary participation of industry institutions in the small claims fast-track mechanism, which may require policy incentives and regulatory guidance to enhance participation [4]. - There is a need to increase awareness and trust among small and medium investors regarding the mediation mechanism, necessitating promotional efforts to educate them about its advantages and processes [4].

商务部新闻发言人何咏前表示，关于美方针对进口汽车、钢铝232关税和美方对进口药品发起232调查， 中方认为，美方做法是典型的单边主义和保护主义行径，不仅损害他国权益、破坏以规则为基础的多边 贸易体制，也无益于本国产业发展。中方敦促美方尽快停止232关税措施，通过平等对话妥善解决各方 关切。 2、商务部回应美方滥用出口管制措施限制华为昇腾芯片：将采取坚决措施维护中企正当权益 // 今日关注 // 1、商务部回应美方滥用出口管制措施限制华为昇腾芯片 2、最高法、证监会：对于"小作文"损害他人权益且构成犯罪的，依法追究刑事责任 3、商务部：长和集团出售港口交易各方不得规避审查 4、部分银行收紧风控，4月来零售贷款已趋于谨慎 5、证监会：上市公司募集资金应坚持专款专用，用于主营业务，不得用于永久补充流动资金和偿还银 行借款 // 宏观预警 // 1、商务部：敦促美方尽快停止232关税措施 美国商务部下属工业安全局近期公告显示，在世界任何地方使用华为昇腾芯片均违反美国出口管制。商 务部新闻发言人何咏前对此回应表示， 美方滥用出口管制措施，对中国芯片产品以莫须有罪名加严限 制，严重损害中国企业正当权益，严重威胁全球半导体 ...

Core Viewpoint - The China Securities Association (CSA) has revised and released the "Securities Dispute Mediation Rules" to enhance the multi-faceted resolution mechanism for disputes in the securities industry, ensuring the protection of investors' legal rights [1][2]. Group 1: Mediation Mechanism and Principles - The revised rules encompass mediation work mechanisms, principles, rights and obligations of parties, organizational structure, application and acceptance of mediation, mediation procedures, and document management [2][3]. - The rules emphasize the leadership of the Party, enhance the credibility of industry mediation, establish a self-discipline punishment mechanism, and introduce a small-amount rapid mediation mechanism [1][2]. Group 2: Enhancing Investor Rights - The rules provide a convenient, efficient dispute resolution method for investors, allowing mediation to serve as a viable alternative to reconciliation, arbitration, and litigation [1][2]. - The CSA aims to improve the satisfaction and sense of gain for the public in dispute mediation, contributing to the stable and healthy development of the securities market [1][4]. Group 3: Self-Discipline and Cost Reduction - A self-discipline punishment mechanism has been established for serious breaches, such as failing to comply with effective mediation agreements, to promote industry integrity and enhance the credibility of mediation work [3][4]. - The introduction of a small-amount rapid mediation mechanism aims to lower the cost of rights protection for investors, allowing for timely resolution of small disputes and effective use of judicial resources [4]. Group 4: Collaboration and Efficiency - The rules outline the need for collaboration between the CSA, courts, and arbitration institutions to enrich multi-channel relief measures and enhance the effectiveness of mediation agreements [3][4]. - The CSA will continue to optimize mediation services and strengthen cooperation among various parties to ensure mediation becomes a powerful tool for investors in resolving disputes [4].

Core Viewpoint - The article discusses the release of the "Guiding Opinions on Strict and Fair Law Enforcement and Judicial Services to Ensure the High-Quality Development of the Capital Market" by the Supreme People's Court and the China Securities Regulatory Commission, which aims to enhance investor protection and improve the legal framework for capital markets [1][2]. Group 1: Investor Protection - The "Guiding Opinions" emphasize the need to strengthen investor protection awareness and legally safeguard investors' rights, including the right to information, participation in corporate governance, and fair market participation [3][4]. - The introduction of representative litigation for securities disputes aims to facilitate investors in protecting their legal rights and reduce the costs associated with investor rights protection [3]. - The document highlights the importance of high-quality information disclosure as a foundation for the registration system, with a commitment to strictly combat fraudulent issuance and financial disclosure violations [3]. Group 2: Market Participant Behavior - The "Guiding Opinions" call for the regulation of behavior among market participants, promoting stable operations of securities, futures, and fund management institutions [5]. - It outlines the need for judicial bodies to report any irregularities, such as circular financing or false capital contributions, to regulatory authorities during the handling of shareholder rights disputes [5]. - The document also emphasizes the need for proper adjudication of disputes between private fund managers and investors, ensuring the protection of investors' legitimate rights [5]. Group 3: Judicial and Administrative Coordination - The "Guiding Opinions" propose enhancing the mechanism for judicial and administrative coordination, promoting a multi-faceted dispute resolution mechanism [8]. - It encourages the use of non-litigation methods, such as mediation, to resolve securities disputes and improve the efficiency of judicial and regulatory processes [8]. - The establishment of a comprehensive information-sharing mechanism between judicial and regulatory bodies is highlighted to enhance cooperation and improve the quality of judicial execution and administrative penalties [8].

Core Viewpoint - The China Securities Association has revised the "Securities Dispute Mediation Rules" to enhance the mediation process, improve investor satisfaction, and reduce the cost of rights protection for investors [1][2]. Group 1: Key Highlights of the Revised Rules - The revised rules aim to standardize mediation work and enhance the credibility of the industry by establishing a self-discipline mechanism for serious breaches of trust [3]. - The mediation mechanism has been improved to enhance the effectiveness of the "three-in-one" diversified dispute resolution approach, ensuring orderly progress in mediation work [4]. - A simplified mediation process has been introduced for disputes involving amounts below 5,000 yuan, allowing for quicker resolutions [5][6]. Group 2: Mediation Procedures and Timelines - The simplified mediation process must be completed within 20 days, with a maximum extension of 30 days, while ordinary mediation should be completed within 30 days, with a similar extension policy [7]. - The rules also specify that complex disputes should be resolved within 180 days from the appointment of the mediator [7]. Group 3: Cooperation and Efficiency Enhancements - The rules enhance cooperation mechanisms with courts and arbitration institutions to ensure the effective enforcement of mediation agreements [8]. - A new small-amount rapid mediation mechanism has been introduced to expedite the resolution of minor disputes, saving judicial resources [9]. Group 4: Mediator Qualifications and Dismissal Conditions - Mediators must have at least five years of relevant experience and meet specific qualifications, ensuring a high standard of mediation services [10]. - The rules outline seven conditions under which mediators can be dismissed, ensuring accountability and integrity in the mediation process [11][12].

在全国投资者保护宣传日当天，司法保障资本市场改革发展的一部纲领性文件应景出台。5月15日，最 高人民法院、中国证监会联合发布《关于严格公正执法司法 服务保障资本市场高质量发展的指导意 见》（下称《指导意见》），提出23条意见，明确降低投资者维权成本，加大对各类违法行为的打击力 度，进一步加强行政司法协同。 业内人士指出，两部门制定《指导意见》是为解决在实践中，民事、行政、刑事、司法审判、执行以及 行政司法协调等方面存在的问题，更好适应资本市场改革发展的实践需求，进一步完善资本市场司法规 则。 《指导意见》是资本市场法治建设的一项重要成果，有助于充分发挥人民法院职能作用，强化司法与行 政协同，全方位助推资本市场高质量发展。两部门明确，将不断夯实资本市场司法保障的制度基础，优 化和完善司法与监管协同工作机制，持续提高监管执法的规范化和法治化程度。 优化市场生态 降低投资者维权成本 秩序、损害他人权益的行为，受害人提起民事诉讼要求损害赔偿的，人民法院依法予以支持；构成犯罪 的，依法追究刑事责任。 强化会商和信息共享工作机制 在投资者保护方面，《指导意见》明确将进一步强化投资者保护意识，依法保护投资者知情权、参与公 ...

Regulatory Developments - The Supreme Court and the China Securities Regulatory Commission (CSRC) have jointly issued guidelines to conduct representative litigation for securities disputes, aiming to lower the cost of investor rights protection [1] - The China Securities Association has revised its mediation rules for securities disputes, enhancing the credibility of the mediation process and establishing a mechanism for punishing dishonest behavior [2] Market Trends - The ChiNext Index fell by 1.91%, with over 3,800 stocks declining across the market, indicating a broad market downturn [4] - The trading volume in the Shanghai and Shenzhen markets was 1.15 trillion yuan, a decrease of 164.3 billion yuan from the previous trading day [4] Trade and Economic Relations - Following mutual tariff reductions, container shipping bookings from China to the U.S. surged by nearly 300%, with average bookings increasing from 5,709 to 21,530 standard containers within a week [5] - China has urged the U.S. to cease its Section 232 tariffs on imports, emphasizing the negative impact of unilateralism and protectionism on global trade [1] Technological Advancements - OpenAI has launched the GPT-4.1 model for ChatGPT users, focusing on coding tasks and instruction adherence, with access expanding to various user tiers [7] - Google DeepMind introduced AlphaEvolve, an AI agent designed for advanced algorithm development, which has made significant breakthroughs in solving complex mathematical problems [7]

四是深化矛盾化解合作机制，凝聚纠纷解决合力。 依据《关于全面推进证券期货纠纷多元化解机制建设的意见》， 完善中国证券业协会与人民法院、仲裁机构之间的沟通协作机制，丰富多渠道救济措施。明确调解协议效力的确认 途径，通过司法、公证、仲裁等方式提升调解协议的效力，确保调解协议能够得到有效履行。 五是引入小额速调机制，提高纠纷处理效率。 新增小额速调规定，行业机构可基于自愿原则，事先与中国证券业协 会签订协议，承诺在一定金额范围内接受中国证券业协会提出的调解建议方案，便于小额纠纷能够及时得到解决， 有效节约司法资源。 六是建立 "示范判决与调解衔接机制"，助力化解群体性纠纷。 在化解系列性或群体性纠纷时，人民法院作出生效示 范判决后，中国证券业协会可接受人民法院的委托或委派，参照生效判决文件进行集中调解，促进"同案同判"，降 低投资者维权成本，推动群体性纠纷的及时化解。 中国证券业协会表示，《证券纠纷调解规则》是推动证券行业纠纷调解工作高质量发展的关键一步，中国证券业协 会将持续优化调解服务，加强各方协作，让调解成为投资者解决纠纷的有力途径，为证券市场的稳定健康发展保驾 护航。 责编：罗晓霞 5月15日，中国证券业协 ...

具体来看，一是规范调解工作，增强行业调解公信力。《证券纠纷调解规则》修订了规则制定依据和调 解工作原则，明确调解工作在党的领导下开展，秉持公平公正理念，突出调解的中立性，坚持"可调尽 调" 原则，为当事人提供就近、便捷、高效的调解服务，持续深化与其他社会领域矛盾化解机制的合 作。同时，建立针对不履行生效调解协议，以及不遵守关于配合普通投资者调解等严重失信行为的自律 惩戒机制，树立行业诚信经营理念，提升调解工作的公信力。 二是健全调解机制，提升 "三位一体" 纠纷多元化解效能。进一步完善调解案件受理、调解程序、档案 管理、调解监督、信息保密、履职回避、调解员聘任管理等机制，明确当事人的权利和义务，确保调解 工作有序推进，充分发挥调解在居中协调、释法明理方面的作用，提升调解服务效能，切实保护当事人 的合法权益。 三是完善自收调解案件流程，健全调解工作体系。对调解流程中的重要工作环节进行优化，依据纠纷的 复杂程度和便利当事人的原则，以受理调解申请、调解员选定、了解案情、开展调解、调解协议签订等 关键节点为依据，建立简易调解、普通调解等不同调解程序。丰富调解途径，包括现场调解、在线调 解、电话调解等，明确不同复杂程度 ...