登录新浪财经APP 搜索【信披】查看更多考评等级 为深入贯彻党的二十大和二十届二中、三中、四中全会精神，落实中央金融工作会议和《国务院关于加 强监管防范风险推动资本市场高质量发展的若干意见》部署要求，进一步健全上市公司监管法规体系， 推动提高上市公司质量，根据《公司法》《证券法》等法律规定，中国证监会起草了《上市公司监督管 理条例（公开征求意见稿）》，现向社会公开征求意见。公众可通过以下途径和方式提出反馈意见： 1．电子邮件：flbpublic@csrc.gov.cn。 2．通信地址：北京市西城区金融大街19号富凯大厦中国证监会法治司，邮政编码：100033。 意见反馈截止时间为2026年1月5日。 中国证监会 2025年12月5日 中国证监会就《上市公司监督管理条例（公开征求意见稿）》公开征求意见 附件1：《上市公司监督管理条例（公开征求意见稿）》（全文） 第一章总则 第一条 为了规范上市公司及相关各方在证券市场的行为，加强对上市公司的监督管理，促进上市公司 质量提升，保护投资者合法权益，根据《中华人民共和国公司法》（以下简称《公司法》）、《中华人 民共和国证券法》（以下简称《证券法》）等法律，制定本条例。 ...

证监会12月5日就《上市公司监督管理条例（公开征求意见稿）》向社会公开征求意见。 本次公开征求意见的上市公司监管条例立足国情市情、紧扣监管实际、坚持问题导向，突出对公司治理 的规范、对并购重组活动的支持、对违法行为的打击、对投资者的保护；对新"国九条"和资本市 场"1+N"政策文件重点部署的加强信息披露和公司治理监管、强化上市公司现金分红监管、推动上市公 司提升投资价值、加大退市监管力度等方面，都做了规定。 上市公司监管条例首次在行政法规层面，设专章将上市公司的治理作为规范重点，细化补充了公司法和 证券法，有效衔接了下位法的要求。 市场人士认为，制定上市公司监管条例，是健全上市公司监管法规体系的重要举措。条例公开征求意 见，意味着上市公司规范发展迈出坚实步伐，有助于夯实资本市场高质量发展的基础。 要点概览： 提升并购重组质效 对违规占用担保、第三方配合造假等恶性违法行为设定罚则 明确董事会积极追偿的义务 对公司股票终止上市交易后的转让或者交易作出安排 覆盖上市公司"全生命周期" 强化全链条监管 条例作为一部全面规范上市公司及相关各方行为的基础性法规，既覆盖全面又突出重点。 关于股票退市、破产重整，牵涉利益广、 ...

Core Viewpoint - The release of the "Regulations on the Supervision and Administration of Listed Companies (Draft for Public Comment)" marks the introduction of China's first dedicated administrative regulations for the supervision of listed companies, aimed at enhancing the regulatory framework and improving the quality of listed companies [3][2]. Group 1: Improvement of Corporate Governance Requirements - The regulations focus on risk prevention, strong supervision, and promoting high-quality development, establishing a basic framework for corporate governance [4]. - Specific provisions are made regarding the roles and responsibilities of the shareholders' meeting, board of directors, audit committee, and independent directors, as well as the qualifications and duties of directors and senior management [4]. - The regulations prohibit controlling shareholders and actual controllers from engaging in behaviors that harm the interests of listed companies, such as fund occupation and illegal guarantees [4]. Group 2: Strengthening Information Disclosure Supervision - The regulations aim to prevent and combat financial fraud in information disclosure, requiring accurate and complete financial reports and establishing internal control systems [5]. - The audit committee is tasked with the pre-review and post-investigation of financial reports, enhancing internal supervision [5]. - Clear responsibilities for information disclosure are outlined for controlling shareholders and other stakeholders, balancing shareholder rights with fair disclosure principles [5]. Group 3: Regulation of Mergers and Acquisitions - The regulations refine the definitions and requirements for mergers and acquisitions, aiming to reduce market disputes and stabilize market expectations [6]. - Specific procedures and regulatory mechanisms for significant asset restructuring are established, along with guidelines for financial advisors [6]. Group 4: Investor Protection Enhancement - The regulations impose obligations on listed companies to focus on investment value and set basic requirements for cash dividends and share buybacks, enhancing investor return awareness [7]. - A mechanism for coordinating bankruptcy reorganization supervision and communication with courts is established to protect investors' interests [7]. Group 5: Legal Framework for High-Quality Development - The introduction of the regulations is seen as a necessary step to enhance the legal framework and improve the quality of listed companies, addressing issues such as governance deficiencies and non-compliance in information disclosure [8]. - The regulations are designed to support listed companies in leveraging capital market systems to enhance their quality and performance [8].

12月5日，中国证监会发布《上市公司监督管理条例（公开征求意见稿）》，这意味着我国将迎来 首部专门的上市公司监管行政法规。 中国证监会12月5日发布 《上市公司监督管理条例 (公开征求意见稿)》 围绕防风险、强监管、促发展 进一步健全上市公司监管法规体系 推动提高上市公司质量 新华社权威快报 记者：刘羽佳、刘慧 海报制作：刘羽佳 【纠错】 【责任编辑:邱丽芳】 新华社国内部出品 征求意见稿围绕防风险、强监管、促上市公司高质量发展的目标，以夯实监管执法及投资者保护基 础和推动提高上市公司质量为主要内容，依法规范上市公司及相关各方的行为，巩固资本市场高质量发 展基础。 ...

12月5日，中国证监会发布《上市公司监督管理条例（公开征求意见稿）》，这意味着我国将迎来首部 专门的上市公司监管行政法规。 征求意见稿围绕防风险、强监管、促上市公司高质量发展的目标，以夯实监管执法及投资者保护基础和 推动提高上市公司质量为主要内容，依法规范上市公司及相关各方的行为，巩固资本市场高质量发展基 础。 围绕防风险、强监管、促发展 -步健全上市公司监管法规体系 讲- 推动提高上市公司质量 新华社权威快报 中国证监会12月5日发布 《上市公司监督管理条例 (公开征求意见稿)》 （文章来源：新华社） ...

2025.11.25 本文字数：2447，阅读时长大约4分钟 作者 |第一财经 周楠 针对上市公司的强监管持续进行，又有一批A股公司被立案或吃罚单。 11月24日晚间，龙佰集团（002601.SZ）、东江环保（002672.SZ）、*ST创兴（600193.SH）均公告称， 公司或子公司收到行政处罚。其中，*ST创兴被查明存在财务数据虚假记载、关联交易披露不实，公司 及9名相关责任人被出具警示函。 厦门绿洲此次被罚事发偷税。披露显示，该公司于2015年9月至10月期间，向个人销售方收购旧家电， 取得销售方以外的第三方开具的增值税专用发票350份，认证抵扣税额385.56万元，列支主营业务成本 2268.02万元，造成少缴税款，已构成偷税。 最终，厦门绿洲被处以所偷税款的0.5倍罚款，合计202.42万元。 另一家披露罚单的上市公司*ST创兴，涉及年报虚假记载、关联交易信息披露不实。 几天前，就有多家公司被集中立案或处罚。公告显示，21日晚间，豪尔赛（002963.SZ）、聚石化学 （688669.SH）披露了立案公告，嘉应制药（002198.SZ）等公司收到行政处罚决定。 另据第一财经初步统计，月内，已有超1 ...

Core Viewpoint - The article discusses the ongoing strict regulatory environment for listed companies in China, highlighting recent administrative penalties and investigations against several A-share companies, particularly focusing on issues related to financial misconduct and information disclosure violations [3][4]. Group 1: Regulatory Actions - Multiple A-share companies, including Longbai Group, Dongjiang Environmental Protection, and *ST Chuangxing, have received administrative penalties for various violations, including false financial reporting and undisclosed related-party transactions [3][5]. - Over 10 A-share companies have been penalized or investigated in November alone, with a significant number being ST companies, indicating a heightened regulatory scrutiny [3][4]. Group 2: Specific Cases - Longbai Group's subsidiary was fined 1.49 million yuan due to a safety incident that resulted in casualties and economic losses, while Dongjiang's subsidiary faced penalties for tax evasion amounting to 202.42 million yuan [6][7]. - *ST Chuangxing was found to have false financial records and inadequate disclosure of related-party transactions, leading to a correction order from the Shanghai Securities Regulatory Bureau and warnings issued to its executives [8][9]. Group 3: Other Companies Involved - Companies like Haosai and Jushihua were also investigated for information disclosure violations, with their stock prices dropping significantly following the announcements [10]. - Jia Ying Pharmaceutical faced penalties for failing to disclose 220 million yuan in related-party loans, resulting in warnings and fines totaling 4.9 million yuan [10][11]. - Hengli Tui, which has been delisted, was penalized for financial fraud involving inflated revenue figures, leading to fines of 39.4 million yuan against the company and its executives [13][14].

针对上市公司的强监管持续进行，又有一批A股公司被立案或吃罚单。 11月24日晚间，龙佰集团（002601.SZ）、东江环保（002672.SZ）、*ST创兴（600193.SH）均公告称， 公司或子公司收到行政处罚。其中，*ST创兴被查明存在财务数据虚假记载、关联交易披露不实，公司 及9名相关责任人被出具警示函。 几天前，就有多家公司被集中立案或处罚。公告显示，21日晚间，豪尔赛（002963.SZ）、聚石化学 （688669.SH）披露了立案公告，嘉应制药（002198.SZ）等公司收到行政处罚决定。 另据第一财经初步统计，月内，已有超10家A股公司被立案或处罚，涉及多家ST公司，如*ST长药 （300391.SZ）、ST天圣（002872.SZ）、ST东尼（603595.SH）。 接近监管部门的人士告诉记者："对有问题的上市公司'早发现、快惩处、严纠正'，既有利于投资者保 护，也一定程度上挽救了企业。" 上述人士同时表示，给予ST公司一年观察期，即对该类企业给予12个月的整改期限，整改期满后可向 交易所提交撤销ST申请，这类举措有助于使ST企业重拾市场信任。 *ST创兴及多名责任人齐收罚单 上述最新披露处 ...

Core Viewpoint - Yonghui Supermarket has received a warning letter from the Sichuan Securities Regulatory Bureau due to non-compliance with disclosure regulations regarding shareholding changes in Hongqi Chain [1][2] Group 1: Regulatory Issues - Yonghui Supermarket was warned for failing to timely disclose a reduction in its shareholding in Hongqi Chain from 11% to 10% during a specified period in April 2025 [1] - The company acknowledged the violation and committed to enhancing training on relevant laws and regulations to maintain market order [1][2] - The company had previously reported its status as a major shareholder of Hongqi Chain and the actions taken to rectify the situation, including repurchasing shares and paying the price difference to Hongqi Chain [2] Group 2: Management Changes - The company announced that due to the absence of a CEO, the board authorized a reform leadership group to assume CEO responsibilities until a new CEO is appointed [4] - On September 18, the board approved the appointment of Wang Shoucheng as the new CEO [4] Group 3: Financial Performance - Yonghui Supermarket reported a revenue of 29.948 billion yuan for the first half of 2025, a year-on-year decline of 20.73%, and a net loss attributable to shareholders of 241 million yuan [4] - The company has experienced continuous losses over the past four years, totaling 9.5 billion yuan [4] - The decline in revenue was attributed to the closure of 227 unprofitable stores, despite significant revenue increases from adjusted stores [4][5]

Core Viewpoint - Yonghui Supermarket received a warning letter from the Sichuan Securities Regulatory Bureau for failing to timely disclose changes in shareholding after reducing its stake in Hongqi Chain [1] Group 1: Regulatory Actions - The Sichuan Securities Regulatory Bureau issued a warning letter to Yonghui Supermarket due to non-compliance with the disclosure requirements outlined in the "Measures for the Administration of the Acquisition of Listed Companies" [1] - The company reduced its stake in Hongqi Chain from 11% to 10% by selling 13.6 million shares between April 21 and April 24, 2025, without timely reporting the change [1] Group 2: Compliance Issues - Yonghui Supermarket failed to disclose the equity change report until July 21, 2025, which is a violation of the regulations [1] - The actions of the company have been recorded in the securities and futures market integrity database as part of the regulatory measures taken [1]