两天两家退市公司被罚监管部门推动立体追责 杜绝“一退了之”

Regulatory Actions - Guangdong Huatie Tongda High-speed Equipment Co., Ltd. (Huatie) and Taihe Group received administrative penalties from regulatory authorities following their delisting due to violations of disclosure regulations and financial misconduct [1][2] - Huatie was delisted on August 27, 2024, after its stock price fell below 1 yuan for 20 consecutive trading days, and it has since received two administrative penalties totaling 300 million yuan for failing to disclose its annual report on time [2][3] Enforcement of Accountability - The regulatory bodies have demonstrated a strong commitment to enforcing accountability, emphasizing that delisting does not exempt companies from penalties for past violations [3][4] - Since 2024, the China Securities Regulatory Commission (CSRC) has investigated 64 delisted companies, imposing fines totaling 1.2 billion yuan, with an average penalty of 27.31 million yuan per case [4][5] Investor Protection Mechanisms - New regulations have been introduced to enhance investor compensation mechanisms during the delisting process, ensuring that responsible parties are held accountable for losses incurred by investors [6][7] - The CSRC has facilitated civil compensation claims for investors affected by fraudulent activities, providing a legal basis for claims against delisted companies [5][6] Criminal Accountability - The regulatory framework includes criminal accountability as a critical component of the enforcement strategy, with 33 delisted companies referred to law enforcement for suspected information disclosure crimes since 2024 [7][8] - Criminal penalties serve as a deterrent against financial misconduct, with several individuals from delisted companies facing significant prison sentences and asset forfeiture [8]