Hua Xia Shi Bao·2025-09-22 09:57Group 1 - The core viewpoint of the article is that the China Securities Regulatory Commission (CSRC) has significantly enhanced the effectiveness and deterrence of regulatory enforcement over the past five years, focusing on financial fraud and related violations [2] - The CSRC has established a comprehensive punishment and prevention system to combat financial fraud, targeting both the main perpetrators and accomplices, effectively dismantling the "ecosystem" of fraud [2] - Notable actions include imposing record fines of 4.175 billion yuan on Evergrande Group and 325 million yuan on its auditing firm for financial fraud in the bond market [2] Group 2 - The CSRC has utilized legal means rigorously, ensuring precise and impactful enforcement, and has collaborated with the Supreme Court to issue guidelines for fair and just law enforcement to support the high-quality development of the capital market [2] - Over the past five years, the CSRC has referred more than 700 cases and leads to public security authorities, resulting in serious criminal accountability for several responsible individuals [2]