Group 1 - The core viewpoint of the articles highlights a significant shift in regulatory enforcement in the capital market, emphasizing accountability for both the primary offenders and the intermediary institutions involved in financial fraud [1][2] - The case of Lifan Shuke marks the first instance where both a listed company and its accounting firm are subjected to administrative penalties and investigations simultaneously, indicating a comprehensive approach to tackling financial misconduct [1][2] - Regulatory bodies, including the CSRC, are intensifying their efforts to combat financial fraud, establishing a multi-layered and integrated prevention and punishment system that holds all parties in the fraud chain accountable [2][3] Group 2 - The regulatory framework has been strengthened with the issuance of guidelines that clarify the responsibilities of intermediary institutions, reinforcing their role as gatekeepers in the capital market [2] - The enforcement measures have become more diverse, incorporating property penalties, qualification penalties, behavioral penalties, and reputational penalties, creating a comprehensive punitive structure [2] - A multi-faceted compensation and relief system for investors is being developed, which includes collective lawsuits and diversified dispute resolution mechanisms, aimed at reducing the cost of investor rights protection and improving compensation efficiency [3]