On Friday, China's State Council and the China Securities Regulatory Commission (CSRC) have announced a comprehensive plan to tighten regulations on the country's stock market, including the issuance of draft rules. The initiative focuses on strengthening the regulation of company listings and delistings, high-frequency trading, and improving the overall quality of the capital market. Specific measures include issuing guidelines for the strict implementation of delisting regulations, targeting companies guilty of serious or continuous falsification for compulsory delisting, and enhancing auditing processes. The CSRC also proposed stricter regulatory requirements for high-frequency trading and clear disclosure of dividend policies for companies aiming to list, as well as improving indicators for company delistings. These steps are part of China's broader effort to forestall risks, protect investors' interests, and promote high-quality development of the capital market.