Core Viewpoint - The regulatory enforcement in the capital market is accelerating, as evidenced by the swift penalties imposed on ST Dongni for information disclosure violations, highlighting a new efficiency in regulatory practices [1][2][3] Regulatory Efficiency - The time taken from investigation to final penalty for ST Dongni was less than 7 months, showcasing the new norm of "early detection, quick punishment, and strict correction" in regulatory practices [2][3] - Other cases have also seen significant reductions in processing times, with examples like Baiyin Nonferrous receiving a penalty in just 43 days and Fuhuang Steel Construction in about 1 month [4][5] Penalty Details - ST Dongni was fined a total of 15.7 million yuan for failing to timely disclose significant contract progress and for falsifying financial reports, which included inflating profits by 38.78 million yuan in 2022 and 72.28 million yuan in the first half of 2023 [2][3] Regulatory Approach - The regulatory response has been notably rapid, with a structured approach that emphasizes accountability for both companies and responsible individuals, as seen in the penalties against ST Dongni's executives [3][6] - The shift in regulatory strategy from "post-event punishment" to "prevention and correction" reflects a deeper transformation in the capital market enforcement system [6][7] Market Impact - The enhanced regulatory efficiency not only improves the speed of case handling but also strengthens the overall enforcement framework, ensuring a more transparent and orderly capital market [5][7] - The regulatory bodies are increasingly adopting differentiated and precise strategies to optimize resource allocation and enhance deterrence against market irregularities [7]