证监会动真格！230万罚单是开始，造假帮凶要慌了！

Core Viewpoint - The regulatory authorities are intensifying efforts to combat financial fraud in the capital market, particularly targeting third-party companies that facilitate such fraud for listed companies [1][2][3]. Group 1: Regulatory Actions - The China Securities Regulatory Commission (CSRC) is working on legislative changes to empower itself to impose administrative penalties on third-party companies involved in financial fraud [2][11]. - The CSRC has initiated a mechanism to transfer leads on fraudulent third parties to relevant government departments for legal action, which has already shown initial effectiveness [2][12][13]. - There is a notable increase in the number of listed companies facing criminal charges, with eight companies involved in criminal cases since July, and nearly twenty since early 2025 [1][4]. Group 2: Third-Party Involvement - Third-party companies that assist in financial fraud are often small, unlisted shell companies, making their fraudulent activities harder to detect [5][9]. - The involvement of third parties in financial fraud typically includes complex operations that obscure the true nature of transactions, such as mixing genuine and fake business activities [4][6]. - Specific cases, such as the Saiwei Intelligent case, illustrate how third parties like Shenzhen Haotian and Guangzhou Gaozhuo facilitated significant financial misreporting, including the transfer of over 1.2 billion yuan [7][8][9]. Group 3: Legal Precedents - The first administrative penalty against a third-party company involved in fraud occurred in the Yuebo Power case, where two individuals were fined a total of 2.3 million yuan [3][13]. - The Saiwei Intelligent case also marked a significant legal precedent, where a third-party company was held liable for 3% of the damages in a civil compensation case [3][13].