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Revise the securities investment fund law, introduce the regulations on the supervision and management of listed companies, revise the regulations on the supervision and management of securities companies, and speed up the formulation of the regulations on the management of corporate bonds ... It can be expected that a series of laws, regulations and judicial interpretations expected by the market will be studied and introduced. "In the next step, the Supreme Law will continue to focus on the improvement of the judicial rules system of the capital market and the trial of related cases, thoroughly study the civil accountability of insider trading and market manipulation, and issue relevant judicial interpretations in due course." Zhou Lunjun, vice president of the Supreme People's Court Second People's Court, said.Deepening the coordination between the central and inter-ministerial departments, intensifying the joint crackdown on securities and futures crimes, and consistently exercising strict supervision and management are powerful guarantees for promoting the healthy development of the capital market and boosting investors' confidence.Zhang Yuewen, director and researcher of the Capital Market Research Office of the Institute of Finance, China Academy of Social Sciences, believes that measures should be taken to enhance the attractiveness of the capital market, increase the strength of long-term capital entering the market, and strengthen the incentive and guidance of long-term value investment behavior from the perspective of facilitating long-term investors.

Liu Chen, a researcher at China Banking Research Institute, believes that stock repurchase and refinancing have opened up a new path for listed companies or major shareholders to maintain the company's value and carry out market value management. The convenience of exchange has improved the ability of market institutions to obtain funds and increase their stock holdings. The use of these tools will help to enhance the inherent stability of the capital market and boost market confidence.On the one hand, multi-departments exert joint efforts to ensure good laws and good governance in the capital market from the system. In June, the Basic Rules of Administrative Punishment Discretion of China Securities Regulatory Commission (Draft for Comment) was publicly solicited for comments; In July, the General Office of the State Council forwarded the Opinions of the CSRC and other departments on Further Improving the Comprehensive Punishment and Prevention of Financial Fraud in the Capital Market; In August, the Economic Crimes Procuratorate of the Supreme People's Procuratorate issued the Answers to Relevant Questions on Handling Financial Fraud Crimes and the Provisions of the State Council on Regulating Intermediaries to Provide Services for the Company's Public Offering of Stocks (Draft for Comment) for public comments.

(Profile picture, issued by Xinhua News Agency)"Recently, the regulatory authorities have highlighted the whole process of supervision and law enforcement, kept the' entrance clearance' and the' exit end' open, and urged and warned the' gatekeepers' to return to their duties. These measures have effectively protected the legitimate rights and interests of investors and protected market confidence. " Lv Chenglong said. (End)Under the effect of "combination boxing", the pace of long-term capital entering the market is accelerating. According to the latest data from the State Financial Supervision and Administration, as of the end of the third quarter, the balance of stock allocation of life insurance companies was 2.18 trillion yuan, accounting for 7.55% of the balance of capital utilization of life insurance companies, up 17.24% year-on-year; The balance of stock allocation of property insurance companies was 150.6 billion yuan, accounting for 7.05% of the balance of capital utilization of property insurance companies, up 14.89% year-on-year. In addition, institutional data show that social security funds and basic endowment insurance funds are also increasing the long-term layout of the capital market.