证监系统严打财务造假一年合计罚没37亿元

Group 1 - The capital market plays a crucial role in financial operations, and financial fraud severely disrupts market order and undermines investor confidence [1] - Since the implementation of the Opinions on Combating Financial Fraud, regulatory authorities have issued 165 administrative penalties with a total fine of 3.7 billion yuan [1] - A comprehensive and multi-faceted accountability mechanism for financial fraud has been established, significantly increasing the costs for primary offenders and accomplices [2] Group 2 - The government has intensified the crackdown on financial fraud, with new regulations aimed at ensuring intermediary institutions fulfill their responsibilities [2] - The Supreme People's Court and the China Securities Regulatory Commission (CSRC) have issued guidelines to enhance the accountability for financial fraud and improve the judicial process [2] - The establishment of a third-party mechanism for reporting fraud clues has been implemented to strengthen the connection between administrative enforcement and criminal justice [2][3]