Core Viewpoint - The article emphasizes the importance of strengthening capital market regulation and investor protection, advocating for a "three-in-one" trial mechanism for financial cases in Beijing and Shanghai, and the expedited introduction of judicial interpretations regarding the crime of breaching trust that harms the interests of listed companies [1][3][4]. Group 1: Regulatory Focus - The focus of regulatory enforcement is to combat securities and futures violations strictly, maintaining a balance between market vitality and order [8][9]. - The China Securities Regulatory Commission (CSRC) aims to ensure that every enforcement action reflects fairness and justice for investors, enhancing their sense of security [5][10]. Group 2: Proposed Reforms - The proposal includes a trial of the "three-in-one" mechanism for handling financial criminal, administrative, and civil cases to improve efficiency and unify judicial standards [3][4]. - There is a call for the rapid introduction of judicial interpretations regarding the crime of breaching trust that harms the interests of listed companies, which has seen limited criminal accountability due to vague legal provisions [4][5]. Group 3: Enforcement Principles - Regulatory enforcement should emphasize four key aspects: strict law enforcement to deter violations, public interest in enforcement actions, precision in handling cases, and collaborative enforcement to strengthen accountability [5][6][11]. - The CSRC plans to differentiate the severity of violations, focusing on those that severely disrupt market order and harm investor interests, while also considering leniency for those who rectify their violations [10][11]. Group 4: Future Directions - The CSRC will continue to enhance the legal and regulatory framework, ensuring that enforcement actions are fair and just, and will work towards improving the overall governance of the capital market [10][11]. - There is a commitment to source governance by addressing issues early and preventing violations, thereby promoting a healthier market environment [11].