3家退市公司遭监管追责，退市不免责成常态

Core Viewpoint - The article highlights that companies that have been delisted are still subject to regulatory scrutiny and accountability for past violations, indicating that delisting does not exempt them from legal responsibilities [1] Regulatory Actions - In the past week, three delisted companies and their related parties have faced regulatory actions, including being investigated or fined, due to alleged illegal activities during their listing period [1] - Year-to-date, multiple companies, including Yili Clean Energy, Delisted Longyu, Taihe Group, and Dongxu Optoelectronics, have been held accountable post-delisting, with fines exceeding 100 million yuan for Yili Clean Energy and Dongxu Optoelectronics [1] Enforcement Statistics - The China Securities Regulatory Commission (CSRC) has investigated over 70 delisted companies for illegal activities and has referred 33 cases for suspected information disclosure crimes [1] Accountability Framework - Tianshuan, Dean of the National Institute of Financial Research at Tsinghua University, emphasizes a comprehensive accountability system targeting "sick" delisted companies and their responsible parties, aimed at enhancing compliance awareness and investor confidence [1] - Regulatory bodies have significantly intensified their enforcement actions against delisted companies and responsible individuals, ensuring thorough coverage of administrative supervision [1] Legal Consequences - The article notes that alongside administrative penalties, criminal accountability and civil compensation are also being pursued, which greatly increases the cost of illegal activities for companies [1]