On September 10, at the press conference of the State Information Office, Li Chao, vice chairman of the Securities Regulatory Commission, said that financial fraud is a “cancer” of the capital market. Over the past few years, the Securities Regulatory Commission has strengthened departmental coordination and central local collaboration, made breakthrough progress in fighting counterfeiting and preventing counterfeiting, establishing and perfecting a normalized and long-term comprehensive financial fraud punishment mechanism, and carried out special operations to combat and prevent financial fraud by listed companies for three consecutive years. A total of 247 cases of financial fraud were investigated and handled, nearly 10 billion yuan was forfeited, and 134 criminal leads suspected of financial fraud were handed over to the public security authorities, supporting 84 civil lawsuits of various types.

On September 10, at the press conference of the State Information Office, Li Chao, vice chairman of the Securities Regulatory Commission, said that financial fraud is a “cancer” of the capital market. Over the past few years, the Securities Regulatory Commission has strengthened departmental coordination and central local collaboration, made breakthrough progress in fighting counterfeiting and preventing counterfeiting, establishing and perfecting a normalized and long-term comprehensive financial fraud punishment mechanism, and carried out special operations to combat and prevent financial fraud by listed companies for three consecutive years. A total of 247 cases of financial fraud were investigated and handled, nearly 10 billion yuan was forfeited, and 134 criminal leads suspected of financial fraud were handed over to the public security authorities, supporting 84 civil lawsuits of various types.