5月15日，证监会公布了2024年执法情况。2024年，证监会依法从严查办证券期货违法案件739件，作出处罚决定 592件、同比增长10%，处罚责任主体1327人（家）次、同比增长24%，市场禁入118人、同比增长15%；向公安 机关移送涉嫌犯罪案件和线索178件，同比增长51%。 证监会表示，下一步将紧扣"防风险、强监管、促高质量发展"工作主线，不断提升执法能力和办案质效，用好用足 法律法规赋予的执法手段，快、准、狠打击证券期货违法违规，切实维护投资者合法权益，为建设高质量资本市场 提供有力法治保障。 打击欺诈发行等投资者最不能容忍的行为 券商中国记者了解到，过去一年，证监会突出强本强基、严监严管，聚焦"打大、打恶、打重点"，坚持"惩防治"并 举，"行民刑"协同，坚决做到"长牙带刺"、有棱有角，全力提升执法效能，努力实现严而有力、严而有度、严而有 方、严而有效。 从查办的案件构成看，信息披露案件249件位居首位，占案件总数的34%；中介机构未勤勉尽责案件95件，连续三年 增加，占案件总数的13%；内幕交易案件178件、操纵市场案件71件，分别占比24%、10%，数量与往年基本持平。 在发行上市、信息披露、并 ...

Group 1 - The Supreme People's Court and the China Securities Regulatory Commission are focusing on investor protection and standing firm on the people's position [1] - There will be a legal crackdown on fraudulent issuance and financial information disclosure violations, along with improvements to the civil compensation responsibility system for false statements [1] - Regular representative litigation for securities disputes will be conducted to facilitate investors in legally safeguarding their rights and reduce the costs of investor rights protection [1]

Core Viewpoint - The Eastsun Group and its founder Li Zhaoting have faced severe penalties from regulatory authorities due to systemic violations in the securities market, including a total fine of 1.7 billion yuan and lifetime bans for key individuals [1][4][10]. Summary by Relevant Sections Regulatory Actions - The Hebei and Shenzhen Securities Regulatory Bureaus announced administrative penalties against Eastsun Group, Eastsun Blue Sky, and Eastsun Photovoltaics, totaling 1.7 billion yuan for 43 responsible parties [1][4]. - Li Zhaoting was fined 588.54 million yuan, while Eastsun Group was fined 583.24 million yuan, with additional penalties for other executives [5]. Violations Identified - Four major violations were identified: 1. Fraudulent issuance of stocks and bonds, raising 7.565 billion yuan and 3.5 billion yuan respectively through falsified business activities [2]. 2. Financial fraud from 2015 to 2019, inflating revenues by 64.585 billion yuan and profits by 18.628 billion yuan [2]. 3. Misappropriation of funds, with a total of 16.959 billion yuan in non-operational fund occupation [2]. 4. Failure to disclose annual reports on time for Eastsun Photovoltaics and Eastsun Blue Sky [2]. Company Status and Risks - Eastsun Blue Sky has issued warnings about potential delisting due to its stock price being below 1 yuan for 19 consecutive trading days and non-operational fund occupation of 7.527 billion yuan [6][9]. - Eastsun Photovoltaics has already been delisted, and Eastsun Blue Sky is at risk of following suit if corrective actions are not taken [6][9]. Historical Context - Li Zhaoting, once the richest man in Shijiazhuang, built a capital empire with assets exceeding 200 billion yuan, but the group has faced significant financial losses and operational issues since 2019 [7][9]. - The group has been accused of using its listed companies as tools for financial exploitation, leading to continuous losses and a collapse of its capital structure [9]. Ongoing Investigations - The China Securities Regulatory Commission is investigating the illegal practices of related intermediary institutions and will pursue recovery of misappropriated funds [10]. - The case serves as a warning for the capital market, emphasizing strict enforcement of delisting regulations to protect investors and maintain market integrity [10].