三是深度融合，提升投教宣传活动维度。吉林证监局将"5.15投资者保护宣传日"活动与"防范非法证券 期货基金宣传月""民法典宣传月"等工作深度融合，引导理性投资，护航幸福生活。吉林证监局联合北 京证券交易所开展"直达服务行千里理性投资进万家"投教活动，走进社区、投教基地与投资者面对面座 谈交流，传递理性投资理念；与大连商品交易所合作举办"中小同行——助力客户成长，守护市场初 心"投资者教育专项活动，为中小投资者普及期货品种基础知识，讲解非法证券期货活动识别与防范， 充分提示风险。 四是注重实效，营造浓厚宣教氛围。吉林证监局督导辖区市场主体以投资者实际需求为导向，创新宣传 模式，切实保障投教宣传扎实有效。一方面创新活动形式，联合当地文旅部门开展"5.15投资者保护"相 关活动，传递长期投资理念。另一方面发挥专业优势，线上线下（300959）同频共振，上市公司通过营 业场所LED屏、商圈广告屏、高速路口大屏幕等渠道播出"5.15全国投资者保护宣传日"宣传语，证券期 货经营机构、投教基地通过举办培训讲座、开设报刊电台专栏、互动直播等方式，普及宣传新"国九 条"等国家政策及法律法规基础知识，引导投资者理性投资。此外，积 ...

Core Viewpoint - The article discusses the "Guiding Opinions on Strictly and Fairly Enforcing Justice to Serve and Guarantee the High-Quality Development of the Capital Market," which aims to enhance investor protection, regulate market participants, and improve the judicial and administrative collaboration in the capital market [1][2][5]. Group 1: Investor Protection - The guiding opinions emphasize the need to protect the legitimate rights and interests of all investors, particularly long-term and patient capital, to ensure their participation in corporate governance and return on investment [1][6][10]. - It advocates for the establishment of a judicial environment that supports early, small, long-term, and hard technology investments, promoting a virtuous cycle of capital preservation and appreciation [1][6]. - The document outlines measures to combat fraudulent issuance and continuous information disclosure fraud, increasing the legal costs for violators and ensuring accountability for controlling shareholders and related parties [2][12]. Group 2: Market Participant Regulation - The opinions call for the regulation of behaviors of securities, futures, and fund management institutions to ensure stable operations and prevent regulatory arbitrage [6][17]. - It highlights the importance of a multi-tiered capital market and the need for judicial rules that support industry self-regulation, aiming to purify the market ecology and mitigate risks [6][18]. - The document stresses the necessity of judicial support for mergers and acquisitions, declaring invalid any anti-takeover clauses in company charters that violate laws and regulations [10][11]. Group 3: Judicial and Administrative Collaboration - The guiding opinions propose enhancing the collaboration between judicial and administrative bodies to improve the efficiency of dispute resolution mechanisms and ensure timely and effective enforcement of laws [9][22]. - It emphasizes the establishment of a multi-faceted dispute resolution mechanism, encouraging non-litigation methods to resolve securities disputes [22][23]. - The document outlines the need for improved information sharing and communication between courts and regulatory bodies to enhance risk prevention and early warning capabilities [24][25]. Group 4: Enhancing Judicial Capacity - The opinions call for strengthening the financial trial and regulatory enforcement teams to ensure a politically correct direction in capital market enforcement [27]. - It advocates for the optimization of financial case jurisdiction and trial mechanisms to enhance the professionalism of financial trials [27]. - The document highlights the importance of continuous training and communication between judicial and regulatory personnel to improve their understanding of financial innovations and market operations [27].

Core Viewpoint - The Beijing Municipal People's Procuratorate's Third Branch has reported a significant increase in the number of securities and futures crime cases, with 72 cases involving 165 individuals in 2024, making it the highest in the country [1][3]. Group 1: Enforcement Actions - The Third Branch has focused on strict enforcement against securities crimes, including insider trading and market manipulation, to ensure the stability of the capital market and protect investors' rights [3][4]. - In 2024, the proportion of cases related to violations of information disclosure surged to 39%, becoming the second-largest category of cases after insider trading [4]. - The Beijing Bureau issued 26 administrative penalty decisions in 2024, involving 54 individuals, with fines exceeding 100 million yuan, and implemented market bans on three individuals, including one lifetime ban [4][6]. Group 2: Legal Framework and Mechanisms - The Third Branch has developed a legal supervision model using big data to enhance the investigation of securities crimes and improve the efficiency of case handling [5][6]. - A focus on creating a collaborative mechanism between administrative enforcement and criminal justice has been emphasized to strengthen the crackdown on securities crimes [6][7]. - The establishment of a unified judicial standard for handling insider trading and information leakage cases has been initiated to improve the consistency of legal actions [5][6]. Group 3: Future Directions - The Third Branch plans to continue its rigorous approach to combat financial fraud and market manipulation, particularly in the areas of private equity and off-market financing [7]. - There will be an emphasis on addressing new types of securities crimes and enhancing the understanding of the characteristics and patterns of related criminal activities [7].

Core Viewpoint - In 2024, the China Securities Regulatory Commission (CSRC) will intensify law enforcement efforts, focusing on strict investigations and penalties for securities and futures violations to maintain market order and protect investors' rights [1][4]. Group 1: Enforcement Actions - The CSRC plans to investigate 739 cases of securities and futures violations, with 592 penalty decisions made, reflecting a 10% year-on-year increase [1]. - A total of 1,327 individuals or entities will face penalties, marking a 24% increase compared to the previous year [1]. - The number of individuals banned from the market will reach 118, which is a 15% increase year-on-year [1]. - The CSRC will refer 178 cases to law enforcement agencies for suspected criminal activities, showing a 51% increase [1]. Group 2: Focus Areas - The CSRC will enhance enforcement in key areas such as issuance and listing, information disclosure, mergers and acquisitions, and delisting, targeting fraudulent issuance, financial fraud, and market manipulation [4]. - In tackling fraudulent issuance, the CSRC will conduct on-site inspections or supervision for 87 proposed listed companies and will handle 5 cases of fraudulent issuance [5]. - For financial fraud, the CSRC will investigate 128 cases, focusing on fictitious business activities, abuse of accounting policies, and collusion with third parties [5]. Group 3: Mergers and Acquisitions - The CSRC aims to invigorate the mergers and acquisitions market while strengthening regulatory enforcement, addressing insider trading in "stealth" restructuring stocks, and resolving 35 related cases [5]. Group 4: Delisting Efforts - The CSRC will adhere to the principle of "delisting without exemption," with 55 companies expected to be delisted in 2024, and will pursue legal accountability for 35 delisted companies and their responsible parties [5].

近年来，天津证监局始终坚持资本市场监管工作的政治性、人民性，将保护投资者合法权益作为监管首 要任务，以"金融为民"为核心，持续优化制度机制，完善组织保障体系，深化重点领域权益保护，扎实 开展投教宣传活动，全力构建"监管有力度、维权有速度、服务有温度"的立体化保护体系，为辖区千万 投资者撑起权益"防护盾"。 一、"顶层设计"引领，构建投资者保护大格局 天津证监局积极践行以人民为中心的价值取向，深化落实机构改革各项工作部署，坚持高位统筹，系统 谋划投资者保护制度机制，多维度织牢、织密、织紧投资者保护之"网"，凝聚系统内外合力，推动形成 齐抓共管投保工作大格局。 一是强化组织领导，筑牢"四梁八柱"。精心搭建"1个投保领导小组+2家投教基地+4家行业协会+N家政 府与社会力量"的投保组织架构，密切加强沟通协作，通过定期召开联席会议、开展联合行动等方式， 探讨解决投资者保护工作中的重点难点问题，为投资者保护工作提供坚实组织保障。二是统筹规划布 局，绘制"行动蓝图"。立足辖区实际，印发《天津辖区进一步做好投资者保护工作落实举措》，围绕日 常监管、维权救济、投资者教育、科技监管等6大方面26项重点任务，将投资者保护贯穿资本 ...

相关链接 金十数据5月15日讯，证监会发布2024年中国证监会执法情况综述。2024年，证监会持续加大执法力 度，依法从严查办证券期货违法案件739件，作出处罚决定592件、同比增长10%，处罚责任主体1327人 （家）次、同比增长24%，市场禁入118人、同比增长15%；向公安机关移送涉嫌犯罪案件和线索178 件，同比增长51%。 证监会：2024年依法从严查办证券期货违法案件739件 ...

智通财经5月12日电，中顺证券期货因保证金贷款手法方面的缺失遭香港证监会罚款200万元。 ...

中顺证券期货因保证金贷款手法方面的缺失遭香港证监会罚款200万元。 ...

- 中顺已采取补救措施，并改善其保证金贷款操作； - 中顺及沈在解决香港证监会提出的问题方面表现合作； 香港证监会在决定对中顺及沈采取上述纪律处分时，已考虑到所有相关情况，包括： - 中顺及沈曾在2021年因中顺在处理现金存款及第三方资金转账时未遵守有关打击洗钱及恐怖分子资金 筹集的监管规定而被香港证监会处分； - 沈在2009年担任另一家公司的负责人员兼高级管理人员时，因未适当并密切监察客户的交易活动而另 遭香港证监会处分； 5月12日，香港证券及期货事务监察委员会对中顺证券期货有限公司(中顺)作出谴责并处以200万港元罚 款，原因是该公司在保证金贷款政策及操作方面存在缺失。香港证监会还暂时吊销了中顺负责人员兼核 心职能主管沈振伟(男)的牌照，为期五个月零两周，从2025年5月8日起至2025年10月22日止。 香港证监会经调查发现，在2017年12月1日至2019年9月30日期间，中顺未充分记录其保证金贷款政策， 也未严格执行某项规定——在确定客户的信贷上限时须以证明其收入净额或资产净值的客观凭证作为参 考。该公司也未规定管理层在豁免遵守保证金贷款政策时须附以书面解释。上述中顺的缺失构成了违反 《操守准则 ...

gtaxinstitute@essence.com.cn 综合晨报 2025年05月12日 近期氧化铝检修压产产能不断上升,产蛋阶段性降低,行业库存转降,不过一旦利润修复产能依然 会大规模复产,且山东和河北新产能将逐渐有成品产出。成本端几内亚铝土矿成交价已从年初110美 元降至75美元，对应氧化铝平均成本降至2900元附近。本周氧化铝现货成交略有上升,短期盘面反 弹高度将受到过剩前景和成本坍塌限制,期货升水时考虑逢高偏空参与。 上周国际油价低位反弹,布伦特07合约上涨3.95%。继美英达成贸易协议后,周末中美高层绕贸会 谈在瑞士取得实质性进展及重要关识,双方同意建立中美经贸挫伤机制开展进一步磋商,贸易战风 脸的阶段性缓和带动油价向上修复,同时二季度以来全球石油累阵速度放缓。同时值得注意的是. 周日美伊核会谈同样进展积极,俄乌和谈亦在推进之中,全球地缘风险的绘和降低原油制裁及断供 风险,后续上涨空间取决于贸易战实质性缓和的进展。 【贵金属】 周五贵金属震荡,波动有限。上周美联储会议鲍威尔重申需等待更多经济数据指导决策,本周重点 关注美国CP1、PPI和零售数据。近期贸易谈判和地练纷争交织,印巴达成停火,关英达成 ...