From February 18th to 19th, at the beginning of the Chinese New Year, the China Securities Regulatory Commission held a series of symposiums to listen to opinions and suggestions from various aspects on strengthening capital market supervision, preventing and resolving risks, and promoting high-quality development of the capital market. The symposium was chaired by Wu Qing, Secretary and Chairman of the Party Committee of the China Securities Regulatory Commission, and members of the leadership team. It is reported that Wu Qing also led a team to the brokerage business department to discuss and exchange ideas with more than ten individual investor representatives. Market analysis, this is a series of measures taken by the new leadership team of the China Securities Regulatory Commission to broaden their horizons, strengthen communication with the market, and enhance collaboration among all parties, aiming to stabilize the market and confidence with more powerful and effective measures. At present, the valuation level of the A-share market is at a historical low, and the value of medium and long-term investments is prominent, which has been fully recognized by investment institutions including Central Huijin Corporation. On the other hand, to activate the capital market, efforts need to be made to address the underlying economic, institutional, and institutional issues. Before the Spring Festival, Vice Premier He Lifeng of the State Council deployed visits to listed companies to promote their high-quality development. Each province (autonomous region, municipality directly under the central government) immediately took action to implement the demands raised by the visited listed companies in various aspects such as tax policies, financing, land, import and export, and intellectual property protection. Based on the actual situation, we promptly studied and resolved them, effectively improving the investment feasibility of listed companies and promoting their high-quality development. Before the Spring Festival, the China Securities Regulatory Commission decisively optimized the securities lending business and other systems, strengthened supervision, and seriously investigated and dealt with a number of financial fraud and insider trading cases during the Spring Festival, which played a good warning and deterrent effect. The representatives attending the symposium suggested that IPO admission be strictly controlled, full process supervision of listed companies be strengthened, unqualified listed companies be resolutely eliminated, and the quality of listed companies be fundamentally improved to increase investment returns. Further increase the punishment for various illegal and criminal acts in securities, effectively protect the legitimate rights and interests of investors, especially small and medium-sized investors, and maintain an open, fair and just market order. The person in charge of the China Securities Regulatory Commission stated that the capital market involves various aspects, and the more complex and severe the situation is, the more we need to speak up, brainstorm, and gather consensus. The China Securities Regulatory Commission will conscientiously implement a series of important deployments of the Party Central Committee and the State Council on the capital market, deepen the work of strengthening supervision, preventing risks, and promoting development. It will take seriously the opinions and suggestions from all aspects, including criticism, and handle those that are proven to be practical and feasible immediately. If the conditions are not met at the moment, it will communicate and explain them well, respond to market concerns in a timely manner, and rely on the joint efforts of all parties to build and develop the capital market well. Based on comprehensive interview information, the reporter has summarized the four key regulatory efforts of the new leadership team of the China Securities Regulatory Commission in 2024: firstly, highlighting the concept of investor centeredness. With the improvement of China's national income level, the demand and supply for wealth management by the Chinese people are calling for a leap in both quantity and quality. On the other hand, for a long time, China's savings have mainly been converted into investment through credit, with indirect financing dominating. With the development of industrialization and urbanization in our country to a certain stage, there has been a situation of overcapacity in traditional industries and insufficient investment in emerging industries. At the micro level, it is manifested as a decrease in investment returns for enterprises, while at the macro level, it is manifested as a lack of effective investment demand. our country