Core Viewpoint - The regulatory environment regarding financial fraud is becoming increasingly stringent, with a focus on holding intermediary institutions accountable alongside the companies involved in fraudulent activities [1][3][7]. Summary by Sections Regulatory Actions - The China Securities Regulatory Commission (CSRC) has recently issued a series of administrative penalties targeting intermediary institutions, including several accounting firms such as Da Xin, Zhong Xi, and Zhong Shun [3][4]. - These penalties are primarily due to the failure of these firms to perform due diligence in their auditing processes, resulting in false records and significant omissions in their reports [3][4]. Penalty Statistics - As of June 30, 2025, the CSRC and stock exchanges have disclosed 118 penalty orders involving nearly 40 accounting firms, with 16 firms facing administrative penalties [6]. - The total amount of fines reached 197 million yuan, representing an approximate 94% increase compared to the same period last year [6][5]. Notable Cases - Da Xin was penalized for issuing false audit reports for companies like Xingxing Technology and Guanghui Logistics, with total fines amounting to 17.99 million yuan [3][4]. - Zhong Shun and Zhong Xi also faced penalties for their inadequate auditing practices, with fines of 3.51 million yuan and 500,000 yuan respectively [4]. Trends in Penalties - The number of penalties and the total amount of fines imposed on accounting firms have significantly increased compared to the previous year, with a 45% rise in the number of firms penalized [6]. - Since the implementation of the revised Accounting Law on July 1, 2024, the total fines against accounting firms for involvement in financial fraud cases have reached 775 million yuan, a 3.75-fold increase from the previous period [6]. Enforcement Strengthening - The average penalty multiplier for accounting firms has risen from 1.66 to 2.45, indicating a tougher stance on financial fraud [7]. - The regulatory authorities have emphasized a "zero tolerance" policy towards financial fraud, with a comprehensive approach to hold all parties involved accountable, including issuers, controlling shareholders, and intermediary institutions [7][8].

7. 十四届全国人大常委会第十六次会议在京闭幕，表决通过新修订的治安管理处罚法、新修订的反不正 当竞争法。 8. 商务部新闻发言人就中美伦敦框架有关情况答记者问：中方将依法审批符合条件的管制物项出口申 请，美方将相应取消对华采取的一系列限制性措施。 国际新闻： 金十数据整理：昨日今晨重要新闻汇总（6月28日） 国内新闻： 6. 中东局势-①特朗普：已停止全部关于解除伊朗制裁的工作 ，若伊朗继续进行浓缩活动，可能再次考 虑对伊朗进行空袭。② 以防长：以色列将定期采取行动，挫败相关威胁。③美参议院否决限制特朗普 对伊朗动武权力的提案。 7. 关税-①特朗普：立即终止与加拿大的所有贸易谈判。 ②欧盟和美国据悉有信心在7月最后期限前达 成关税协议。③美财长贝森特称贸易谈判可能在九月前结束，暗示或延长谈判截止日期。 1. 央行召开第二季度例会，建议加大货币政策调控强度。 2. 证监会严肃查处财务造假案件，首次对配合造假方同步追责。 3. 沪深交易所：拟将主板风险警示股票价格的涨跌幅限制比例调整为10%。 4. 外交部长王毅将于6月30日至7月6日访问欧盟总部并举行第十三轮中欧高级别战略对话。 5. 国家统计局： 1—5 ...

重要的消息有哪些 1．中国人民银行货币政策委员会2025年第二季度（总第109次）例会于6月23日召开。会议建议加大货 币政策调控强度，提高货币政策调控前瞻性、针对性、有效性，根据国内外经济金融形势和金融市场运 行情况，灵活把握政策实施的力度和节奏。会议指出，加力支持科技创新、提振消费，做好"两重""两 新"等重点领域的融资支持。对于房地产市场，会议从上次例会的"推动房地产市场止跌回稳"改为"持续 巩固房地产市场稳定态势"，并指出要加大存量商品房和存量土地盘活力度。 万科：有信心、有能力应对挑战，全力以赴争取妥善化解到期债务 天风证券：公司经营活动正常，不存在未披露重大事项 二连板中光防雷：公司经营情况及内外部经营环境未发生重大变化 2．证监会发文称，下一步，证监会将继续严格贯彻中央决策部署，坚持"追首恶"与"打帮凶"并举，进 一步强化对造假责任人及配合造假方的追责，通过强化行政、民事、刑事立体化追责体系，全面惩处财 务造假的策划者、组织者、实施者、配合者，坚决破除造假利益链、"生态圈"。同时，对于主动整改、 积极配合调查有立功表现的相关配合造假主体等，证监会也一贯坚持宽严相济的执法政策，将通过依法 从轻、减 ...

Group 1 - The Supreme Court and the China Securities Regulatory Commission (CSRC) issued guidelines to strictly enforce fair law enforcement and judicial services to support the high-quality development of the capital market [1] - The guidelines emphasize the prevention and resolution of risks in the capital market, supporting the risk disposal work of securities, futures, and fund management institutions [1] - There is a focus on handling cases related to listed companies' risk resolution, private fund risk resolution, bond defaults, and illegal securities activities, with judicial safeguards provided under relevant laws [1] Group 2 - The guidelines call for increased accountability for financial fraud and strengthen the guidance and supervision of local people's courts, ensuring strict standards in the trial of financial fraud cases [1] - The aim is to improve trial efficiency and promptly punish illegal activities, with a focus on significant typical cases to enhance deterrent effects [1] - The guidelines also stress the importance of combating illegal financial activities in the securities issuance sector to protect public property [1] Group 3 - In the bankruptcy liquidation and reorganization processes of securities, futures, and fund management institutions, there will be enhanced communication and coordination with regulatory bodies and local governments [1] - The guidelines support regulatory authorities in taking necessary measures regarding the assets and operations of management institutions during risk disposal [1] - There is a unified approach to handling cross-regional economic crimes in the private fund sector, ensuring fair compensation for affected investors and consistent standards in case handling [1]