From 20 19 to 2023, China Securities Regulatory Commission adopted a series of administrative punishment measures to maintain market order and protect investors' rights and interests. These measures include imposing fines on illegal institutions and individuals, prohibiting them from engaging in related businesses and prohibiting them from entering the market.
In 20 19, China Securities Regulatory Commission issued 103 administrative penalty decisions, involving a fine of 3.36 billion yuan. These penalties are mainly aimed at insider trading, market manipulation and information disclosure violations. Among them, there are many penalties involving senior executives and actual controllers of listed companies.
In 2020, China Securities Regulatory Commission continued to increase the intensity of administrative punishment, and issued 49 administrative punishment decisions/kloc-0, involving a fine of 5.84 billion yuan. These penalties are not only targeted at individuals and institutions, but also involve some intermediaries and accounting firms. Among them, a punishment case involved overseas listed companies.
In 20021year, China Securities Regulatory Commission further strengthened the supervision of the capital market, and issued 84 administrative penalty decisions1year, involving a fine of 7.89 billion yuan. These punishments are mainly aimed at insider trading, market manipulation and information disclosure violations, but some of them involve overseas listed companies and cross-border transactions.
In 2022, China Securities Regulatory Commission issued 89 administrative penalty decisions/KLOC-0, involving a fine of 9.56 billion yuan. These punishments are mainly aimed at insider trading, market manipulation and information disclosure violations, but some of them involve overseas listed companies and cross-border transactions.
Since 2023, China Securities Regulatory Commission has issued some administrative penalty decisions involving a certain amount of fines. These punishments are mainly aimed at insider trading, market manipulation and information disclosure violations, but some of them involve overseas listed companies and cross-border transactions.
To sum up:
Over the past five years, China Securities Regulatory Commission has devoted itself to maintaining market order and protecting investors' rights and interests, and has taken active administrative punishment measures. These measures include imposing fines on illegal institutions and individuals, prohibiting them from engaging in related businesses and prohibiting them from entering the market. These punishments are mainly aimed at insider trading, market manipulation and information disclosure violations, but some of them involve overseas listed companies and cross-border transactions. Through these measures, China Securities Regulatory Commission has effectively maintained the fairness and transparency of the market and protected the legitimate rights and interests of investors.
Legal basis:
The administrative punishment of China Securities Regulatory Commission is mainly based on People's Republic of China (PRC) Securities Law, People's Republic of China (PRC) Securities Investment Fund Law and other relevant laws and regulations. Among them, the Securities Law stipulates the supervision scope and responsibilities of the securities market, and also stipulates the rights and obligations of market participants; The Securities Investment Fund Law provides for fund raising, operation, information disclosure and other related matters, and strictly defines and punishes illegal acts. In addition, China Securities Regulatory Commission also punished some serious violations of laws and regulations in accordance with other relevant laws and regulations.