Core Viewpoint - The article discusses the issue of major shareholders engaging in illegal share reductions and suggests the use of technology to lock their shares, preventing unauthorized sales and enhancing market integrity [1][2][3]. Group 1: Regulatory Actions and Penalties - The China Securities Regulatory Commission (CSRC) has imposed fines totaling nearly 230 million yuan on individuals and companies for violating stock transfer restrictions and information disclosure laws [1]. - The article highlights that illegal share reductions harm the interests of small investors and disrupt market order, undermining the credibility of the capital market [1]. Group 2: Technological Solutions - Implementing technology to "lock" major shareholders' holdings can effectively prevent illegal reductions by requiring compliance with regulations before shares can be sold [2]. - This technological approach enhances regulatory efficiency and accuracy, allowing for real-time monitoring of major shareholders' stock changes [2]. - The technology will not affect other shareholder rights, such as voting and dividend rights, but will require a formal unlocking process before any share reduction [2]. Group 3: Complementary Regulatory Measures - While technology can help prevent illegal share reductions, it should be used in conjunction with traditional regulatory methods to create a comprehensive oversight framework [2]. - Regulatory bodies need to focus on educating major shareholders about legal compliance and increasing penalties for violations to deter misconduct [2].