中国证监会：2024年查办证券期货违法案件739件

Core Insights - In 2024, the China Securities Regulatory Commission (CSRC) has intensified its enforcement actions against securities and futures violations, with significant results in key areas [1][3] Enforcement Actions - The CSRC handled 739 cases of securities and futures violations, with 592 penalty decisions made, representing a 10% year-on-year increase [3] - The number of responsible parties penalized reached 1,327, marking a 24% increase compared to the previous year [3] - Market bans were imposed on 118 individuals, reflecting a 15% increase [3] - The CSRC referred 178 cases to public security authorities for suspected criminal activities, a 51% increase year-on-year [3] Types of Violations - Information disclosure violations accounted for 249 cases, making up 34% of the total [4] - Cases involving intermediary institutions failing to perform due diligence increased to 95, representing 13% of total cases [4] - Insider trading and market manipulation cases remained stable, with 178 and 71 cases respectively, accounting for 24% and 10% of total violations [4] Company Delistings - The CSRC has accelerated the delisting of problematic companies, with 55 listed companies being delisted in 2024 [5][11] - The commission is focused on establishing a comprehensive punishment and prevention system against financial fraud, targeting behaviors such as fabricating business activities and abusing accounting policies [5] Fraudulent Issuance and Penalties - The CSRC conducted on-site inspections or supervision of 87 companies intending to go public, addressing five cases of fraudulent issuance [7] - Significant fines were imposed on companies for submitting false financial data, including 32.7 million and 11.5 million yuan for Gaodexin and Huadao Biological respectively [7] - Evergrande Group faced a fine of 4.175 billion yuan for fraudulent bond issuance and information disclosure violations, with its chairman receiving a lifetime ban from the securities market [7] Financial Fraud Cases - The CSRC investigated 128 cases related to financial fraud, focusing on issues like fabricated business activities and third-party collusion [9] - The commission emphasized the principle of "retirement as needed," ensuring that problematic companies are thoroughly dealt with [11] Targeting Key Individuals - The CSRC has intensified efforts against key individuals exploiting listed companies for personal gain, with 989 individuals penalized, a 21% increase from the previous year [12] - Fines imposed on these individuals totaled 2.81 billion yuan, a 63% increase year-on-year, with 81 individuals banned from the market [12] Accountability of Intermediaries - The CSRC has held various intermediaries accountable for failing to perform their duties, imposing fines totaling 673 million yuan throughout the year [16] - A record fine of 325 million yuan was levied against PwC in the Evergrande case [16] Market Manipulation - The CSRC has taken a strong stance against market manipulation by "black mouths," who use false or misleading statements to manipulate stock prices for illegal profits [17] - Penalties totaling 334 million yuan were imposed on individuals involved in such manipulative behaviors [17]