CSRC Introduces Measures to Protect Small and Medium Investors and Further Improves the Investor Protection Mechanism in the Capital Market
In order to implement the decision of the September 26, 2024 Political Bureau of the CPC Central Committee to "study and introduce measures to protect small and medium investors", as well as a series of decisions and deployments by the CPC Central Committee and the State Council, on the basis of extensively soliciting opinions from all sides, the China Securities Regulatory Commission (CSRC) studied and drafted the "Several Opinions on Strengthening the Protection of Small and Medium Investors in the Capital Market" (hereinafter referred to as the "Several Opinions"), and officially released it today.
Following the principle of "addressing core concerns, striving for practicality and effectiveness, and ensuring legal basis", the "Several Opinions" focuses on key issues of concern to small and medium investors, and proposes twenty-three specific measures in eight areas: strengthening the protection of small and medium investors during the issuance and listing process, creating an institutional environment conducive to fair trading for small and medium investors, consolidating the responsibility of operating institutions in protecting small and medium investors, severely cracking down on illegal acts that infringe upon the interests of small and medium investors, deeply promoting the construction of a diversified dispute resolution mechanism for securities and futures disputes, better playing the role of investor protection institutions, improving the protection system and mechanism for small and medium investors during the delisting process, and strengthening the rule of law guarantee for the protection of small and medium investors. These measures are conducive to improving the investor protection mechanism, enhancing the internal stability of the capital market, effectively protecting the legitimate rights and interests of small and medium investors, and effectively boosting market confidence.
As an important achievement in implementing the requirements of the Political Bureau of the CPC Central Committee, the "Several Opinions" clarifies the overall approach and policy measures for the protection of small and medium investors in the current and a future period, and is a comprehensive policy document in the field of investor protection in the capital market. Next, the CSRC will work with relevant parties to continuously strengthen coordination, promote the implementation of various measures of the "Several Opinions", and effectively protect the legitimate rights and interests of investors, especially small and medium investors.
