证监会剑指财务造假 发行人+中介机构被同步追责

Group 1 - The core issue revolves around the administrative penalties and market bans imposed on Lifan Shuke Co., Ltd. for falsifying financial data in its periodic reports, leading to a proposed fine of 10 million yuan for the company and 30 million yuan for 10 responsible individuals [1][2] - Lifan Shuke has inflated its revenue and costs for three consecutive years, with a total of 638 million yuan in inflated revenue and 628 million yuan in inflated costs from 2021 to 2023, prompting the Shenzhen Stock Exchange to initiate delisting procedures [2][5] - The case highlights a significant shift in regulatory enforcement, moving from reactive measures to proactive governance, with a comprehensive approach that includes administrative penalties, market bans, criminal referrals, and accountability for intermediaries [1][6] Group 2 - The involvement of Zhongxing Caiguanghua Accounting Firm in the case indicates a broader crackdown on financial fraud, as the firm has faced multiple penalties for failing to fulfill its responsibilities in previous audits [3][4] - The number of companies facing mandatory delisting due to financial fraud has reached a record high this year, reflecting stricter regulations and a zero-tolerance stance from regulatory authorities [5] - There is a growing emphasis on a multi-layered accountability system in the capital market, which includes administrative, civil, and criminal penalties for both the perpetrators of fraud and the intermediaries that facilitate such actions [6][7]