财务造假综合惩防体系不断深化 法治护航资本市场健康发展

Core Viewpoint - The Chinese regulatory authorities are enhancing the comprehensive prevention and punishment system for financial fraud in the capital market, with a focus on strengthening collaboration among various departments to ensure effective enforcement and accountability [1][2][3]. Group 1: Regulatory Developments - The China Securities Regulatory Commission (CSRC) held a meeting on January 5, 2024, with representatives from multiple government departments to discuss the advancement of the comprehensive prevention and punishment system for financial fraud [1]. - Since the issuance of the "Comprehensive Prevention and Punishment Opinions" on July 5, 2024, a multi-faceted accountability system has been established, integrating administrative enforcement, criminal punishment, civil recovery, and integrity constraints [1]. Group 2: Prosecution Statistics - From 2024 to November 2025, a total of 191 individuals were prosecuted for financial fraud, with 102 prosecutions occurring between January and November 2025, representing a 21% year-on-year increase [2]. - Major financial fraud cases, including those involving Jinzhou Port, Jintongling, Meishang Ecology, and Zijing Storage, have been publicly prosecuted, demonstrating a strong deterrent effect against financial fraud [2]. Group 3: Future Directions - The prosecutorial authorities plan to continue implementing Xi Jinping's legal thought and directives regarding the capital market, increasing criminal accountability for financial fraud, and enhancing collaboration among departments [3]. - There will be a focus on improving case handling standards and exploring the integration of civil and criminal accountability to better protect investors' rights and support the high-quality development of the capital market [3].