The Ministry of Public Security issued a notice to further strengthen the crackdown on and prevention of securities crimes

2023-06-01

Recently, the Ministry of Public Security issued a notice requesting the national public security organs to take the opportunity of fully implementing the stock issuance registration system, actively adapt to the new situation and changes, enhance their sense of responsibility and mission, further strengthen the fight against and prevention of securities crimes, fully guarantee the smooth implementation of the comprehensive stock issuance registration system, effectively maintain the order of the capital market, and effectively protect the interests of investors. The Ministry of Public Security requires full play to its functional role and strict crackdown on securities criminal activities in accordance with the law. We need to strengthen investigation and research, and timely adjust the strike strategies and focus on the new characteristics of securities crimes that have emerged after the comprehensive implementation of the stock issuance registration system. We will not tolerate and investigate the crime of fraudulent issuance of securities, especially increasing the crackdown on controlling shareholders and actual controllers suspected of committing crimes. We must adhere to the principle of "zero tolerance" and strictly crack down on crimes of illegal disclosure or non disclosure of important information, and effectively maintain market order. To cooperate with intermediary institutions in carrying out illegal crimes such as financial fraud, providing false proof documents, and issuing significant false proof documents, it is necessary to strengthen clue discovery, transfer, and investigation, in order to "punish the culprit" and "pursue accomplices". The Ministry of Public Security requires that for crimes of breach of trust that harm the interests of listed companies, we must adhere to rapid investigation, investigation, and punishment, and protect the interests of listed companies in accordance with the law. For the crime of issuing stocks, companies, and corporate bonds without authorization, organizers and relevant intermediaries should be punished in accordance with the law. We should combine the new situation under the registration system to crack down on crimes such as fraud of national funds and special technology funds, and infringement of trade secrets in accordance with the law. To implement fraud crimes such as telecommunications network fraud and "virtual disk" using the stock issuance registration system, it is necessary to continuously improve early warning and interception capabilities while cracking down heavily, establish a comprehensive and widely covered anti fraud propaganda system, and effectively enhance investors' anti fraud awareness and anti fraud capabilities. We must firmly establish a sense of crisis and bottom line thinking, actively cooperate with regulatory authorities to prevent and resolve risks, and effectively maintain the security and stability of the capital market. The Ministry of Public Security requires strict standards, fairness, and civilized law enforcement to better protect the legitimate rights and interests of market participants in accordance with the law. We should focus on optimizing the market-oriented, legal, and international business environment, implement the criminal justice policy of combining leniency and severity, not only crack down on various crimes, maintain market economic order, but also minimize the impact on the normal production and operation activities of enterprises. We must strictly implement relevant regulations on case jurisdiction in accordance with the law, accurately apply criminal coercive measures in accordance with the law, and protect the legitimate rights and interests of the parties involved. We should base ourselves on the actual needs of various capital market entities for listing and financing, further improve public security administrative management services, continuously simplify and optimize service processes, and improve processing efficiency. (New News Agency)

Edit:Jia Jia    Responsible editor:Zhou Shu

Source:GMW.cn

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