本报记者 吴晓璐 10月31日晚间，泛海控股股份有限公司（以下简称"泛海控股"）、青岛中资中程集团股份有限公司（以 下简称"青岛中程"）等2家退市公司发布公告称，公司收到证监会或地方证监局的行政处罚决定书。 据《证券日报》记者不完全统计，10月份，证监会或地方证监局对7家退市公司出手，其中4家公司收到 行政处罚决定书或行政处罚事先告知书，2家公司股东被立案调查，1家公司收到行政监管措施。 在市场人士看来，这说明监管部门坚决执行"退市不免责"，杜绝"一退了之"。中央财经大学副教授、资 本市场监管与改革研究中心副主任郑登津对《证券日报》记者表示，一方面，说明"退市不免责"已经成 为资本市场的监管常态。从严监管已经贯穿到企业上市、经营、退市的全周期，这将全面提升资本市场 违法成本，净化资本市场生态。另一方面，也说明证监会通过严厉打击虚构业务、滥用会计政策等信息 披露违法行为，坚决做到监管"长牙带刺"。 坚决执行"退市不免责" 泛海控股因触及交易类退市指标于2024年2月份摘牌退市。上述行政处罚决定书认定，2022年至2023 年，泛海控股及其控股子公司共有8笔融资合同发生违约，公司未按规定及时披露，公司及相关责任人 ...

Core Viewpoint - The regulatory authorities are firmly enforcing the principle of "delisting does not exempt from responsibility," indicating a zero-tolerance approach towards illegal activities by delisted companies [1][3][5]. Regulatory Actions - In October, the China Securities Regulatory Commission (CSRC) and local securities regulatory bureaus took action against seven delisted companies, with four receiving administrative penalties or prior notices, two shareholders being investigated, and one company facing regulatory measures [1][2]. - Pan Hai Holdings and Qingdao Zhongzi Zhongcheng Group received fines of 8.4 million yuan and 20.6 million yuan respectively for violations related to financial disclosures and contract defaults [2]. Enforcement of Accountability - The regulatory bodies are implementing a "double penalty" approach, holding both the companies and key individuals accountable for violations, which enhances the deterrent effect against misconduct [4][5]. - For instance, the controlling shareholder of Changjiang Health was fined 15 million yuan, and the former and current chairpersons faced fines of 1.2 million yuan each, along with lifetime bans from the securities market [4]. Strengthening Investor Protection - The CSRC is enhancing investor protection measures, particularly for small and medium investors, by promoting proactive compensation from controlling shareholders in cases of significant violations leading to forced delisting [7][8]. - Recent judicial actions have also favored investors, as seen in the case of Shanghai Longyu Data, where investors won a civil lawsuit against the delisted company [7]. Overall Market Impact - The ongoing strict regulatory environment is expected to improve compliance among companies, reduce the occurrence of illegal activities, and ultimately foster a healthier capital market ecosystem [5][6].