CSRC: Crack down on financial fraud, with fines totaling 11 billion yuan in the first 10 months of this year

On November 19th, Jinshi Data News reported that the China Securities Regulatory Commission (CSRC) announced on the 19th that in order to address the chronic problem of financial fraud, the CSRC is strengthening inter-agency coordination and central-local coordination, building a comprehensive punishment and prevention system, and launching a special campaign to crack down on financial fraud by listed companies. In the first 10 months of this year, 658 related cases were investigated and dealt with, with a fine amount of 11 billion yuan, exceeding the total for last year. At the same time, taking into full consideration the fact that small and medium-sized investors account for the vast majority of the A-share market, we will adhere to the principles of seeking benefits and avoiding harm, highlighting fairness, and regulating development, and promptly improve the rules and regulatory measures for share reduction, quantitative trading, and margin trading.