CSRC Capital Market Rule of Law Discussion Forum: There is a need to formulate judicial interpretations on insider trading, market manipulation, and civil compensation.

On February 27, Wu Qing, Party Secretary and Chairman of the China Securities Regulatory Commission (CSRC), presided over a symposium on the construction of the capital market legal system, and listened to opinions and suggestions on improving the basic system of the capital market and strengthening legal protection. Representatives at the symposium actively gave their opinions, believing that in order to run the capital market well, it is necessary to adhere to the direction of market-oriented and rule of law reform, further implement civil compensation remedies, formulate judicial interpretations on insider trading, market manipulation and civil compensation, increase the implementation of representative litigation, make good use of the system of party commitments, accurately hold accountable the "original sin" of illegal and criminal activities, vigorously pursue recovery of ill-gotten gains, and effectively protect the legitimate rights and interests of investors, especially small and medium-sized investors. The symposium was attended by leading officials from the Legal Affairs Committee of the National People's Congress Standing Committee, the Supreme People's Court, the Supreme People's Procuratorate, the Ministry of Public Security, and the Ministry of Justice, as well as some experts, scholars, and lawyer representatives. Wu Qing expressed heartfelt thanks to everyone for their long-term support to the work of the CSRC. He emphasized that the regulation of the capital market requires high standards, and the prosperity of the market depends on the rule of law. The CSRC will carefully study and incorporate the opinions and suggestions put forward by the representatives at the symposium, work together with relevant parties to increase the supply of legal services, enhance enforcement efficiency, strengthen judicial protection, and better play the fundamental, stable expectation, and long-term role of the rule of law in the high-quality development of the capital market. Leading officials in charge of the CSRC and relevant bureaus also attended the symposium.