上交所严管各类违法违规行为 2025年作出纪律处分270余单

Core Viewpoint - In 2025, the Shanghai Stock Exchange (SSE) implemented strict measures against various violations related to information disclosure and trading, resulting in over 270 disciplinary actions and more than 330 regulatory measures against illegal trading activities [1] Group 1: Disciplinary Actions - The SSE took significant action against financial fraud, issuing public reprimands for 23 cases at the highest level [1] - Six companies faced major violations leading to their delisting, while 14 companies involved in financial fraud received other risk warnings [1] - The SSE initiated special representative lawsuits against Jin Gang (600190) and pursued criminal responsibility [1] Group 2: Accountability Measures - The SSE intensified accountability for key individuals, investigating over 50 controlling shareholders and actual controllers [1] - A total of 42 individuals were publicly identified and "treated coldly," marking a 45% increase year-on-year [1] - More than 320 directors and senior executives were held accountable for their actions [1] Group 3: Market Regulation - The SSE focused on swiftly addressing market irregularities, particularly concerning speculative activities related to restructuring, false disclosures in acquisitions, and unfulfilled performance commitments [1] - In 2025, the SSE issued over 400 disciplinary actions and regulatory measures for information disclosure violations [1]