In the first 10 months of this year, the CSRC has made 249 administrative penalty decisions, with a total of 1.538 billion yuan of fines and confiscations; From November 1 to 27, about 20 listed companies received the notification of filing by the CSRC, setting a new monthly high since this year; A number of cases of violations of laws and regulations in the bond market have made new progress, law enforcement has continued to increase, and intermediary governance has continued to strengthen... Since this year, the signal of cracking down on securities violations has continued to be released. Market insiders pointed out that the regulatory authorities insisted on "zero tolerance" and "heavy punch", effectively maintained the market order and the legitimate rights and interests of investors, and purified the market ecological environment. It is expected that the main tone of "strict" will continue, and continue to promote the stable and healthy development of the capital market with effective supervision according to law. The supervision of listed companies highlights the key points. Information disclosure has always been the focus of the supervision of listed companies, and is also a frequent field of administrative punishment, criminal punishment and civil litigation. The reporter of China Securities Journal found that illegal information disclosure is still the cause of securities violations with the highest "exposure rate" this year. Financial fraud cases still occur from time to time. On November 18, Zeda Yisheng and * ST Amethyst disclosed that they had received the Notice of Administrative Punishment and Market Access Prohibition issued by the CSRC. Both companies are suspected of falsely increasing operating income and profits, and of fraudulent issuance. Due to the "difficult labor" in the annual report, the behaviors suspected of violating the law and regulations of trust management appear from time to time. On June 1, * ST Furen announced that the company was investigated by the CSRC due to its failure to disclose the annual report within the prescribed time limit and its suspected violations of information disclosure. In addition, "failure to disclose major matters in time" is also a frequent cause of violations of trust laws and regulations. In the opinion of the insiders, the high "exposure rate" of the cases of violations of laws and regulations of Shin Phi not only indicates that some listed companies need to improve their compliance awareness and compliance capabilities, but also the result of the regulatory authorities' continued efforts to crack down. "Illegal cases of trust and trust have always been the focus of the regulatory authorities to crack down. With the steady progress of the reform of the registration system, the importance of trust and trust has become increasingly prominent, and the efforts to crack down on illegal cases of trust and trust have been further strengthened." Song Yixin, partner of Shanghai Hanlian Law Firm, said. "Financial fraud and illegal information disclosure cases occur from time to time." Liu Yongqiang, Deputy Director of the Inspection Bureau of the CSRC, said recently that the CSRC would focus on key areas and severely crack down on fraudulent issuance, financial fraud, illegal occupation of guarantees and other illegal acts that seriously affect the quality of listed companies. According to incomplete statistics of Wind data, as of November 27, about 20 listed companies had received the notification of filing by the CSRC, and the number reached a new monthly high since this year. The law enforcement of the bond market has been continuously strengthened. In order to standardize the development of the bond market, in recent years, the CSRC has firmly cracked down on illegal acts in the bond market relying on the unified law enforcement mechanism of the bond market. From Luowa Group to Fujian Fusheng, a number of cases recently investigated by the CSRC system show that the enforcement of the bond market continues to increase. Luowa Group announced on September 16 that it had received the Notice of Administrative Punishment and Market Access Prohibition from Beijing Securities Regulatory Bureau. The Beijing Securities Regulatory Bureau intends to order Luowa Group to correct its illegal acts of false information disclosure, give a warning and impose a fine of 600000 yuan; about
Edit：wangwenting Responsible editor：xiaomai
Source：china.cn
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