Core Viewpoint - The US government has entered its first shutdown in nearly seven years, leading to significant declines in stock futures, particularly affecting market sentiment across major indices [1] Group 1: Market Reaction - Dow futures dropped by 230 points, indicating a negative market response to the government shutdown [1] - S&P 500 futures fell by 50 points, reflecting widespread unease among investors [1] - Nasdaq futures experienced a sharper decline, plummeting over 180 points, highlighting increased volatility in tech stocks [1]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) and the Ministry of Finance have jointly released a draft regulation to enhance the whistleblower reward system in the capital market, significantly increasing the reward amounts and protections for whistleblowers [1][2][4] Summary by Sections Whistleblower Reward Enhancements - The reward percentage for whistleblowers has been increased from 1% to 3% of the penalties collected from the case [4][5] - The maximum reward for providing significant illegal activity leads has been raised from 100,000 yuan to 500,000 yuan, and for cases with national significance or involving substantial amounts, the maximum can reach 1 million yuan [4][5] Eligibility Criteria for Rewards - To qualify for rewards, the penalties from the case must be no less than 1 million yuan, an increase from the previous threshold of 100,000 yuan [9][10] - The cases must be classified as "major cases" that severely disrupt market order, threaten financial security, or infringe on investors' rights [10] Protection and Accountability Measures - The new regulations allow for anonymous whistleblowers to receive rewards, enhancing the protection mechanisms for those who report misconduct [10][11] - Strict measures are in place to prevent retaliation against whistleblowers, including penalties for companies that retaliate against them [15] Process Improvements - The reward process has been optimized, including a clear timeline for reward distribution and a three-month deadline for confirming whistleblower registration [14] - Whistleblowers can track the processing of their leads, although specific details about the investigation will not be disclosed to them [5][14]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) and the Ministry of Finance have revised the whistleblower reward regulations to enhance the reporting system for securities and futures violations, aiming to promote a culture of accountability and support the high-quality development of the capital market [1][3]. Summary by Sections New Definitions and Reward Conditions - New definitions have been added to better reflect the spirit of justice and responsibility of whistleblowers [2][4]. - The conditions for rewards have been improved, including serious violations that significantly disrupt market order, endanger financial security, or infringe on investors' rights [2][4]. Increased Reward Amounts - The maximum reward for significant cases has been raised to 1 million yuan, up from previous limits of 300,000 yuan and 600,000 yuan [2][4]. - The reward percentage has increased from 1% to 3% of the penalty amount collected from the case [4][6]. Confidentiality and Protection Measures - Whistleblower identities will be managed anonymously, and strict confidentiality will be maintained to protect their rights [5][6]. - Any retaliation against whistleblowers by companies or institutions will be subject to severe penalties [7]. Supervision and Accountability - A mechanism for accountability has been established for those handling whistleblower reports, ensuring that negligence or misconduct will lead to disciplinary actions [7].

北京商报讯（记者 马换换 王蔓蕾）9月30日，中国证监会官网显示，为进一步完善举报制度，有效回应 市场关切，弘扬公正担当的吹哨人文化，更好适应资本市场高质量发展和监管执法工作要求，结合举报 工作实践，中国证监会会同财政部修订完善了《证券期货违法违规行为举报工作暂行规定》，形成了 《证券期货违法行为吹哨人奖励工作规定（征求意见稿）》，现向社会公开征求意见。 从修订内容来看，一是修改制度名称。制度名称从《证券期货违法违规行为举报工作暂行规定》修改为 《证券期货违法行为吹哨人奖励工作规定》，新增概念定义，以更好体现吹哨人正义担当精神，强调专 业特点，突出激励导向，同时也符合国际惯例。同时，在行文上对举报制度相关表述作出适应性安排， 并与证券期货法律法规举报条款作了法源上的必要衔接。 二是完善奖励条件。严重破坏证券期货市场秩序，严重危害金融安全，严重侵害投资者合法权益的重大 案件纳入奖励案件范围。可奖励案件条件从罚没款金额10万元提升为100万元。按要求补充相关材料信 息的匿名吹哨人，以及在违法行为中起次要或者辅助作用的吹哨人，符合条件的也可予以奖励。同时补 充了奖励消极条件，明确吹哨人撤销、撤回线索和妨碍、阻碍违法 ...

本报记者 吴晓璐 9月30日，为深入贯彻党中央、国务院决策部署，进一步完善举报制度，有效回应市场关切，弘扬公正担当的吹哨人文 化，更好适应资本市场高质量发展和监管执法工作要求，结合举报工作实践，中国证监会会同财政部修订完善了《证券期货违 法违规行为举报工作暂行规定》（简称《举报规定》），形成了《证券期货违法行为吹哨人奖励工作规定（征求意见稿）》 （简称《吹哨人奖励规定》），现向社会公开征求意见。 6.为激励吹哨人及时提供重大违法线索，在案件罚没款入库金额能够覆盖奖励金额后启动奖励程序，一起案件奖励一次， 案件奖金总额不超过罚没款实际收缴金额。 2.完善奖励条件。严重破坏证券期货市场秩序，严重危害金融安全，严重侵害投资者合法权益的重大案件纳入奖励案件范 围。 3.提供的案件线索在全国范围内有重大影响，或者涉案数额特别巨大，或者吹哨人为内部知情人员的，每案奖金上限从30 万元、60万元统一提升至100万元。 4.明确依法秉公处理，分级负责办理，严格保密信息，充分保护吹哨人合法权益的工作原则。 5.对吹哨人身份信息实行匿名管理。 速览要点： 1.新增概念定义，以更好体现吹哨人正义担当精神。 回应市场关切 2014年 ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) and the Ministry of Finance have revised the whistleblower reward regulations to enhance the reporting system for securities and futures violations, aiming to promote a culture of accountability and improve market integrity [1][2]. Revision Background - The revision is a response to the central government's emphasis on improving the whistleblower system and the need for stronger measures against violations in the capital market. The previous regulations were established in 2014 and revised in 2020, but recent developments necessitated further updates [2]. Revision Content Change of Regulation Name - The regulation's name has been changed from "Interim Provisions on Reporting Violations in Securities and Futures" to "Whistleblower Reward Regulations for Securities and Futures Violations," reflecting a commitment to justice and professional standards [3]. Improvement of Reward Conditions - Major cases that severely disrupt market order or harm investor rights are now included in the reward scope. The threshold for reward eligibility has increased from 100,000 yuan to 1,000,000 yuan in penalties [4]. Significant Increase in Reward Standards - The reward percentage has been raised from 1% to 3% of the penalty amount. The maximum reward for providing significant violation leads has increased from 100,000 yuan to 500,000 yuan, with a uniform cap of 1,000,000 yuan for cases with national significance or involving internal informants [5]. Clarification of Processing Principles - The regulations emphasize fair handling, confidentiality, and the protection of whistleblower rights. Specific channels for reporting and responsibilities for processing leads have been established [6]. Optimization of Reward Procedures - The CSRC will batch process rewards based on the number of eligible cases and budget considerations. A three-month deadline for confirming whistleblower registrations has been set [7]. Enhancement of Protection Mechanisms - Whistleblower identities will be managed anonymously, and any form of retaliation against whistleblowers is strictly prohibited. Companies found retaliating against whistleblowers will face severe penalties [8]. Establishment of Supervision and Accountability Mechanisms - A mechanism for holding accountable those who fail to act on whistleblower leads has been established, with provisions for disciplinary actions and potential criminal referrals for serious misconduct [9].

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has revised the whistleblower reward regulations to enhance the reporting system for securities and futures violations, aiming to promote a culture of accountability and adapt to the high-quality development of the capital market [1] Summary by Sections Revision Overview - The name of the regulation has been changed from "Interim Provisions on Reporting Violations in Securities and Futures" to "Whistleblower Reward Regulations for Securities and Futures Violations," emphasizing the spirit of justice and accountability [2] - The revision includes a total of seven aspects aimed at improving the whistleblower system [2] Reward Conditions - Major cases that severely disrupt market order, threaten financial security, or infringe on investors' rights are now included in the reward scope [2] - The threshold for reward eligibility has been raised from 100,000 yuan to 1 million yuan in penalties [2] - Whistleblowers who provide anonymous tips and those with minor roles in the violations are also eligible for rewards [2] Reward Standards - The reward percentage has increased from 1% to 3% of the penalty amount [2] - The maximum reward for providing significant violation leads has been raised from 100,000 yuan to 500,000 yuan [2] - For cases with nationwide impact or involving substantial amounts, the maximum reward has been unified to 1 million yuan [2] Processing Requirements - The regulations emphasize fair handling, confidentiality, and protection of whistleblower rights [3] - A dedicated mechanism will prioritize the investigation of leads from internal informants [3] - Whistleblowers can inquire about the processing of their reports, ensuring transparency [3] Reward Procedures - The CSRC will batch process rewards based on the number of eligible cases and budget considerations [4] - A timeline for reward announcements and confirmations has been established, with a registration period of 3 months for whistleblowers [4] - Reward funds will be included in the CSRC's budget, and rewards will only be issued after penalties are collected [4] Protection Mechanisms - Whistleblower identities will be kept anonymous, and any contact for verification will require proper registration [5] - There are strict prohibitions against retaliation, including threats or breaches of privacy against whistleblowers [5] - Companies found retaliating against whistleblowers will face legal consequences based on the severity of the actions [5] Accountability Mechanisms - There will be enhanced accountability for those handling whistleblower reports, with penalties for negligence or misconduct [5] - Serious cases may be referred to judicial authorities for criminal prosecution [5]

Core Points - The China Securities Regulatory Commission (CSRC) and the Ministry of Finance have jointly released the "Whistleblower Reward Regulations" to enhance the whistleblower system and significantly increase reward standards [1][2][3] Group 1: Reward Standards - The reward amount has been increased from 1% to 3% of the penalty amount collected from the case [1][3] - The maximum reward for providing significant illegal activity leads has been raised from 100,000 yuan to 500,000 yuan [1][3] - For cases with nationwide significant impact or involving particularly large amounts, the maximum reward has been unified to 1,000,000 yuan [1][3] Group 2: Reward Conditions - The criteria for rewarding cases have been expanded to include serious violations that severely disrupt market order, endanger financial security, or infringe on investors' rights [3] - Anonymous whistleblowers who provide relevant materials and those who played a minor role in the illegal activities are also eligible for rewards [3] - Whistleblowers who withdraw their leads or obstruct investigations will not be rewarded [3] Group 3: Reward Procedures and Protection Mechanisms - The regulations emphasize the importance of confidentiality and the protection of whistleblower rights, with a structured process for receiving and handling leads [4][5] - A dedicated mechanism will prioritize the verification of leads provided by internal informants [4] - Whistleblower identities will be managed anonymously, and any retaliation against whistleblowers is strictly prohibited [5][6] Group 4: Accountability and Oversight - The regulations establish a supervisory accountability mechanism to address failures in handling whistleblower leads [6] - Staff members who neglect their duties or engage in misconduct regarding whistleblower information will face disciplinary actions [6]

要点概览： 可奖励案件条件从罚没款金额10万元提升为100万元 奖励金额由案件罚没款金额1%提升为3%。提供重大违法行为线索的，奖金上限也从10万元提升为50万 元 提供的案件线索在全国范围内有重大影响，或者涉案数额特别巨大，或者吹哨人为内部知情人员的，每 案奖金上限从30万元、60万元统一提升至100万元 明确吹哨人登记确认期限为3个月 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 证监会9月30日消息，为深入贯彻党中央、国务院决策部署，进一步完善举报制度，有效回应市场关 切，弘扬公正担当的吹哨人文化，更好适应资本市场高质量发展和监管执法工作要求，结合举报工作实 践，中国证监会会同财政部修订完善了《证券期货违法违规行为举报工作暂行规定》，形成了《证券期 货违法行为吹哨人奖励工作规定（征求意见稿）》，并向社会公开征求意见。 征求意见稿较大幅度提高奖励标准。提高奖金比例，奖励金额由案件罚没款金额1%提升为3%。提供重 大违法行为线索的，奖金上限也从10万元提升为50万元。提供的案件线索在全国范围内有重大影响，或 者涉案数额特别巨大，或者吹哨人为内部知情人员的，每案奖金上限从30万元、 ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has revised the whistleblower reward regulations to enhance the reporting system for securities and futures violations, aiming to promote a culture of accountability and adapt to the high-quality development of the capital market [1][2]. Summary by Sections Revision of Regulations - The name of the regulation has been changed from "Interim Provisions on Reporting Violations in Securities and Futures" to "Whistleblower Reward Regulations for Securities and Futures Violations," emphasizing the spirit of justice and accountability [2]. Improvement of Reward Conditions - Major cases that severely disrupt market order or harm financial security are now included in the reward scope, with the minimum penalty amount for rewards increased from 100,000 yuan to 1 million yuan [3]. Increase in Reward Standards - The reward percentage has been raised from 1% to 3% of the penalty amount, with the maximum reward for significant leads increased from 100,000 yuan to 500,000 yuan, and for cases with substantial impact, the cap has been raised to 1 million yuan [4]. Strict Handling Requirements - The regulations emphasize fair handling, confidentiality, and the protection of whistleblower rights, with clear channels for reporting and responsibilities for processing leads [5]. Optimization of Reward Procedures - The CSRC will batch process rewards based on the number of qualifying cases and budget considerations, with a three-month deadline for confirming whistleblower registrations [6]. Enhancement of Protection Mechanisms - Whistleblower identities will be managed anonymously, and any retaliation against whistleblowers will be strictly prohibited, with severe penalties for companies that retaliate [7]. Establishment of Supervision and Accountability Mechanisms - There will be a strengthened accountability mechanism for handling whistleblower leads, with penalties for staff who fail to perform their duties or engage in misconduct [8].