严管各类违法违规行为 上交所2025年作出纪律处分270余单

Core Viewpoint - The Shanghai Stock Exchange (SSE) is intensifying its regulation of information disclosure and trading violations, with significant disciplinary actions taken in 2025 to combat financial fraud and other serious violations [1] Regulatory Actions - In 2025, the SSE issued over 270 disciplinary actions across various regulatory areas and implemented regulatory measures for more than 330 instances of trading violations [1] - The SSE publicly condemned 23 cases of severe financial fraud, with 6 companies facing delisting due to major violations [1] - 14 companies involved in financial fraud received other risk warnings as per regulations [1] Accountability Measures - The SSE initiated special representative lawsuits against companies like Jin Gang (600190) and pursued criminal responsibility [1] - Over 50 individuals, including controlling shareholders and actual controllers, were held accountable, with a 45% year-on-year increase in public recognition and cold treatment of 42 individuals [1] - More than 320 senior executives and board members faced accountability measures [1] Market Surveillance - The SSE is closely monitoring market irregularities, particularly focusing on behaviors such as speculative restructuring, false information disclosure regarding acquisitions, and unfulfilled performance commitments [1] - The total number of disciplinary actions and regulatory measures for information disclosure violations exceeded 400 in 2025 [1]