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Definition of integrity supervision
Integrity supervision, through a series of institutional mechanisms, from the definition and collection of integrity information to the public inquiry of integrity information, from the integrity supervision and management of supervision departments to the self-integrity restraint of market institutions, from the punishment and restraint of dishonesty to the encouragement and guidance of trustworthiness, strengthens the integrity restraint of market subjects and their behaviors.

Its main system includes:

The first is to establish a good faith file system. The CSRC is required to establish a national unified "integrity file database of securities and futures markets" to comprehensively collect public integrity information related to securities and futures markets such as supervision and law enforcement, self-discipline management, and justice, so that market participants have nowhere to hide their illegal and untrustworthy behaviors.

The second is to launch a credit inquiry system. In accordance with the law, while continuing to disclose the information of administrative punishment, market prohibition and disciplinary decisions of industry self-regulatory organizations, a credit information application and inquiry system has been established to facilitate market participants to understand and master their own and related counterparty's credit records. Market participants can apply to inquire the credit information of themselves, relevant institutions and their employees or personnel who provide services according to regulations, including credit information beyond the above-mentioned disclosure scope.

Third, a series of disciplinary systems for breaking laws and breaking promises have been established. Including the review of licenses, we must check the integrity files and strictly review the integrity records. You can ask for an explanation, explanation and verification of the illegal and untrustworthy records of license applicants, suspend the arrangement of illegal and untrustworthy records in business innovation and pilot projects, focus on institutions with more illegal and untrustworthy records in daily supervision and special inspections, and "veto" institutions with untrustworthy records in the selection of members and experts such as the main board, Growth Enterprise Market and M&A Committee, which will increase the cost of illegal and untrustworthy people.

Fourthly, the credit restraint system of some specific subjects is established. In order to strengthen the supervision and binding force on listed companies and their controlling shareholders, actual controllers and relevant restructuring parties to fulfill their public commitments such as dividends and asset restructuring, it is clear that the performance information of listed companies' relevant public commitments will be included in the integrity file and publicized. In view of the behavior of some entities in the current market that publish statements in the capital market that are obviously inconsistent with the facts and disrupt the market order, it is stipulated that the CSRC and its dispatched offices can issue letters of concern to them, record them in the integrity file, and notify their work units, subordinate departments or industry self-regulatory organizations. In addition, in order to promote the normalization of their own integrity, it is stipulated that listed companies, securities and futures operating institutions and service institutions should establish and improve the internal integrity supervision and restraint mechanism, and the regulatory authorities have the right to inspect and report.

Fifth, it leaves room for encouragement and trust. In addition to incorporating positive information such as national or ministerial awards, commendations and appraisals obtained by market institutions and personnel into credit files, it is also stipulated that in business innovation and pilot projects, institutions with good credit records should be encouraged and tilted to support institutions that have always been honest and compliant to expand their business and become better and stronger. In the daily supervision and special inspection, differentiated arrangements should be made according to the credit status of the supervised objects, and self-regulatory organizations in the securities and futures markets should be encouraged and supported to carry out advanced typical credit selection and credit evaluation activities.

The sixth is to clarify the system of supervision and cooperation in good faith. It is stipulated that the CSRC will share credit information with other departments, local governments, judicial organs and industry organizations in the State Council, carry out credit supervision cooperation, and realize cooperative supervision of dishonesty.