监管执法威慑不断提升 贵州资本市场生态不断净化

Core Viewpoint - Guizhou Securities Regulatory Bureau is committed to implementing the new "National Nine Articles" and enhancing regulatory measures to ensure the stable operation of the capital market, with a focus on combating financial fraud and improving market integrity [1][2]. Group 1: Regulatory Actions - In 2025, Guizhou Securities Regulatory Bureau conducted inspections on 111 companies and took 31 administrative regulatory measures along with 63 daily regulatory measures [1]. - Two financial fraud cases were seriously investigated, with proposed penalties amounting to 194 million yuan for two listed companies and 20 responsible individuals, including potential 5 to 10-year bans from the securities market for four individuals [1]. Group 2: Focus on Financial Fraud - Financial fraud is identified as a significant threat to market integrity and is met with a "zero tolerance" policy by the Guizhou Securities Regulatory Bureau, which aims to enhance the comprehensive punishment of such activities [1]. - The bureau emphasizes the importance of maintaining the principles of fairness, openness, and honesty in the market, which are essential for investor trust [1]. Group 3: Strengthening Oversight - The bureau plans to strengthen oversight of intermediary institutions such as sponsors, audit firms, law firms, and trustees, ensuring they fulfill their responsibilities diligently and improve their professional quality [1]. - A three-tier defense system is being established, focusing on corporate compliance, external audit supervision, and administrative regulation to enhance the governance structure of industry institutions [2]. Group 4: Future Directions - The Guizhou Securities Regulatory Bureau will continue to implement decisions from the central government and regulatory bodies, focusing on risk prevention, strict regulation, and promoting high-quality development in the capital market [2]. - The bureau aims to enhance regulatory effectiveness and protect investors' legitimate rights and interests while ensuring the stability of the capital market [2].