贵州证监局2025年监管执法威慑不断提升 资本市场生态不断净化

Core Viewpoint - Guizhou Securities Regulatory Bureau is intensifying efforts to combat financial fraud and enhance market order, implementing strict regulatory measures to ensure the stability of the capital market [1][2]. Group 1: Financial Fraud Enforcement - The bureau has adopted a "zero tolerance" policy towards financial fraud, significantly increasing the intensity of comprehensive punishments [2]. - Two major financial fraud cases were addressed: Guizhou Bailing was fined 25.6 million yuan for underreporting sales expenses and inflating profits by 655 million yuan from 2019 to 2021, with a proposed 10-year market ban for its chairman [2]. - *ST Gaohong was fined 160 million yuan for fraudulent activities, including inflated revenue and profits, with proposed market bans for three responsible individuals [2]. Group 2: Regulatory Collaboration - The bureau has signed a memorandum with the Guizhou Provincial High People's Court to enhance collaboration between administrative and judicial processes, aiming for effective coordination in tackling financial fraud [3]. Group 3: Daily Regulatory Strengthening - The bureau is focusing on risk prevention and high-quality development, enhancing supervision of listed companies and addressing issues like insider trading and false disclosures [4]. - Inspections were conducted on 10 listed companies, resulting in 4 administrative measures and 10 daily regulatory actions [4]. - The bureau is also monitoring new three-board companies closely, with inspections on 3 companies and 5 administrative measures taken [4]. Group 4: Private Fund Regulation - The bureau conducted inspections on 24 private fund managers, focusing on issues like profit transfer and fund safety, resulting in 7 administrative measures and 15 daily regulatory actions [5]. Group 5: Intermediary Institution Oversight - Increased scrutiny on intermediary institutions such as underwriting and auditing firms to ensure compliance and enhance the quality of their services [6][7]. - The bureau is implementing a dual investigation approach for auditing firms involved in financial fraud cases, with 10 audit projects under special scrutiny [7]. Group 6: Industry Institution Regulation - The bureau is reinforcing regulations on securities, futures, and fund institutions, conducting 28 inspections and 13 special checks to ensure compliance and risk management [8]. - The bureau aims to enhance the governance structure of industry institutions, focusing on risk and compliance to better serve the market [8].