Zhong Guo Ji Jin Bao·2025-10-03 12:37Core Points - The case of Jintongling has resulted in significant legal consequences for its executives, highlighting the increasing severity of regulatory actions against financial fraud in China's capital markets [1][3][5] Group 1: Legal Consequences - Jintongling was fined 8 million yuan for committing securities fraud [3] - Former Chairman Ji Wei received a 6-year prison sentence and a fine of 3 million yuan for multiple offenses, including the fraudulent issuance of securities [3][6] - Other executives, including the former CFO and board secretary, received varying prison sentences and fines for their roles in the fraudulent activities [2][4][3] Group 2: Regulatory Actions - The Jiangsu Securities Regulatory Bureau had previously imposed administrative penalties on Jintongling for financial misconduct from 2017 to 2022 [1][9] - The company provided false financial data in annual reports over six years, misrepresenting losses as profits, which led to significant investor losses [6][8] - A special representative lawsuit has been initiated to address the securities fraud claims against Jintongling, indicating a broader effort to protect investor rights [9]