According to CoinMeta, the China Securities Regulatory Commission (CSRC) stated that it will further refine the procedures for implementing advance compensation. On October 23, GF Securities announced the establishment of a special fund for advance compensation in collaboration with Lixin Accounting Firm and the actual controller of Qingyue Technology, with the insured fund company acting as the fund manager. The CSRC supports relevant market institutions and personnel in actively implementing advance compensation in accordance with the provisions of the Securities Law, in order to resolve conflicts and disputes in a timely manner and protect the legitimate rights and interests of investors. As a public welfare investor protection institution, the insured fund company is responsible for the specific implementation of advance compensation. Recently, the CSRC is publicly soliciting opinions on the "Guiding Opinions on Advance Compensation in the Securities Market" in order to more standardly leverage the professional support of investor protection institutions and provide diversified mechanisms and channels for resolving group disputes in the securities sector.