The China Securities Regulatory Commission announced on April 8 that the China Securities Regulatory Commission disclosed the construction of a rule of law government in 2021. In 2021, the China Securities Regulatory Commission will implement the “zero tolerance” requirement and comprehensively and strictly govern the city according to law.
Specifically, in 2021, the China Securities Regulatory Commission will strengthen the construction of the “zero tolerance” system in the capital market, and conscientiously implement the “Opinions on Strictly Combatting Illegal Activities in Securities in accordance with the Law”. The work mechanism of the Supreme People’s Procuratorate’s assignment to the China Securities Regulatory Commission has been completed or important progress has been made, and the work of “zero tolerance” in cracking down on illegal securities activities has achieved remarkable results.
The China Securities Regulatory Commission has strictly cracked down on illegal securities activities, and strengthened the punishment of major cases and law enforcement in key areas. A total of 609 cases were handled throughout the year, and the number of cases dropped for three consecutive years, and the high incidence of frequent violations in the securities market was initially curbed. Throughout the year, 371 punishment decisions were made, the amount of fines and confiscations amounted to 4.553 billion yuan, 95 people were prohibited from entering the market, 177 clues of suspected securities and futures crime cases were transferred and notified to the public security organs, and the Ministry of Public Security and the Supreme People’s Procuratorate jointly deployed special law enforcement actions to further Strengthen securities law enforcement and judicial cooperation.
The China Securities Regulatory Commission has strengthened daily supervision and promoted market entities to operate in accordance with the law. Throughout the year, 709 and 211 administrative supervision measures were taken against listed companies and related parties and unlisted public companies, respectively. The supervision of securities and fund management institutions was strengthened, and administrative supervision measures were taken for 194 times and 378 times respectively for securities and fund management institutions and private equity institutions. Strengthen the supervision of intermediaries, carry out special audit supervision of accounting firms with quality management as the core, continue to strengthen the supervision and inspection of law firms and lawyers engaged in securities legal business, and consolidate the responsibility of “gatekeeper”.
(Headquarters reporter Yang Litian)