证监会、上交所、深交所最新发布。 9月22日晚间，证监会、上交所、深交所发布关于二十届中央第三轮巡视整改进展情况的通报。 证监会：深化科创板、创业板、北交所改革，完善发行上市等制度机制，培育壮大耐心资本 证监会在通报中提到，中国证监会党委将以永远在路上的坚韧和执着，严肃认真抓好持续整改，不断巩固 拓展整改成效。驻证监会纪检监察组将持续加大对巡视整改工作的监督。 （一）自觉坚持和加强党对资本市场的全面领导。 深入学习贯彻习近平新时代中国特色社会主义思想， 不折不扣落实习近平总书记关于资本市场一系列重要指示批示精神和党中央决策部署，严格落实重大事项 请示报告制度。加强对系统单位党委的领导和监督，更好发挥各级党组织的政治功能和组织功能，切实将 党的领导贯彻到资本市场政策制定、监管执法和内部治理全过程各方面，坚决走好践行"两个维护"的第一 方阵。 （二）落实落细全面深化资本市场改革各项部署。 深入落实党的二十届三中全会部署，加快推进新一轮 全面深化资本市场改革任务落地。 聚焦服务新质生产力发展，深化科创板、创业板、北交所改革，完善 发行上市等制度机制，培育壮大耐心资本。 加快多层次债券市场发展，推动完善中国特色期货监 ...

近年来，青岛市深入贯彻落实推进资本市场高质量发展的有关部署，通过创新工作机制、优化营商环 境、强化服务保障，推动资本市场建设取得显著成效。截至2025年8月，全市境内外上市公司共84家， 总市值超9400亿元，为即将于9月26日举办的2025·青岛创投风投大会营造了良好氛围。 创新机制优化企业上市营商环境 近年来，青岛市委金融办会同相关部门通过做好"政策传导者、资源整合者、服务推动者"三位一体的角 色，不断优化企业上市营商环境。在全国首创服务企业上市"十项工作机制"，切实为拟上市企业协调解 决上市过程中面临的困难和问题。 青岛市密切与沪深北港交易所的互动交流，建成沪深北交易所青岛资本市场服务基地，持续开展企业家 资本市场专题培训，不断提升企业利用资本市场的意识和能力。 在制度创新方面，青岛市完成企业上市合法合规信息核查"一件事"办理，全面推行使用公共信用报告代 替无违法违规记录证明。同时，制定上市和拟上市企业"白名单"入选标准，按时更新发布纳入"白名 单"的企业名单，做到"无事不扰，有事立办"。 青岛市持续挖掘拟上市企业资源，建立动态分层的拟上市企业后备库，支持区域性股权市场创新发展； 组建了由证券交易所、证 ...

Group 1 - The core viewpoint emphasizes the need for the China Securities Regulatory Commission (CSRC) to enhance the adaptability and inclusiveness of the capital market system, focusing on reforms in the Sci-Tech Innovation Board and the Growth Enterprise Market to support quality enterprises across various sectors and stages [1] - The CSRC aims to strengthen the role of long-term funds as stabilizers in the market, improving cross-border investment convenience to attract more global capital to invest in China [1] - There is a commitment to continuously improve the quality and investment value of listed companies, emphasizing the responsibilities of key stakeholders and enhancing information disclosure to foster a culture that respects and rewards investors [1] Group 2 - The regulatory approach will focus on precision and effectiveness, ensuring strict enforcement of laws while maintaining a balance between flexibility and control in the capital market to promote high-quality development [2]

（文章来源：证券日报） 本报讯为深入贯彻落实新"国九条"政策要求，推动挂牌公司高质量发展，9月19日，宁夏证监局指导宁 夏上市公司协会举办辖区新三板挂牌公司专题培训，辖区挂牌公司董事长、董秘、财务总监参加培训。 培训特邀全国股转公司专家聚焦监管政策、北交所上市衔接、舆情管理等核心热点内容，解析规范运作 重点，并由已转板上市企业分享实务经验。通过案例分享和互动交流，帮助企业提升治理水平、信息披 露质量和融资能力，强化舆情处置水平。 今年以来，宁夏新三板市场展现出较强发展韧性和结构特色。上半年，辖区挂牌公司亏损面大幅收窄， 隆基仪表、银中物业等多家公司净利润超2000万元。盈谷股份联合行业龙头与国资推动百亿高温超导单 晶硅设备制造项目落地；鑫浩源通过产业链延伸实现净利润倍增。部分企业积极回报投资者，银中物 业、鑫浩源等现金分红近1900万元。企业培育如火如荼，维尔精工成为宁夏首家通过绿色通道实现转板 的企业，从受理到取得挂牌函用时29个交易日，创下西北地区新三板挂牌速度新纪录。截至目前，多家 专精特新企业已明确北交所上市意向，部分已积极推进相关筹备工作。 宁夏证监局相关负责人强调，各挂牌公司应牢固树立规范运作意识 ...

Group 1 - Six listed (or delisted) companies, including *ST Dongtong and *ST Xinchao, received penalties from the China Securities Regulatory Commission (CSRC), with two companies facing fines exceeding 100 million yuan, highlighting increased regulatory scrutiny in the market [1][2] - The penalties were primarily due to financial fraud, with *ST Dongtong facing a fine of 229 million yuan for four consecutive years of financial misconduct, and Yili Clean Energy, which has been delisted, fined 210 million yuan for multiple violations including financial fraud [1][2] - The trend of imposing heavy fines on companies, including those that have been delisted, indicates a shift away from the previous notion of "delisting immunity," reinforcing the principle that delisted companies are still accountable for their actions [1][2] Group 2 - The increase in penalties reflects a significant change in regulatory practices, with the CSRC adopting a stricter approach to violations, resulting in fines that have escalated from tens of thousands to hundreds of millions of yuan [2][3] - The prevalence of financial fraud among listed companies necessitates heavy penalties as a deterrent, emphasizing the importance of ensuring that fines are collected and that investors are compensated for their losses [3] - Achieving the "two to be in place" principle—ensuring that fines are paid and that investor compensation is provided—is crucial for maintaining market integrity and investor confidence [3]

Core Points - Guangxi Liugong Zhanzheng has established a partnership with Future Industry Investment Fund, with a total investment of 1 billion RMB [1] - The fund's operational scope includes private equity investment, investment management, and asset management [1] - The partners of the fund include Guangxi Liugong Group, Guangxi Investment Guidance Fund, and Guangxi Xinshi Sheng Private Fund Management Co., Ltd. [1] Group 1 - The fund was registered on September 18, 2025, and has a business term until September 18, 2042 [2] - The fund's registered capital is 1 billion RMB, with Guangxi Liugong Group contributing 509 million RMB, which is 50.9% of the total [2] - Guangxi Investment Guidance Fund holds a 49% stake, contributing 490 million RMB [2]

Group 1 - The core issue revolves around a market manipulation case in Hong Kong, where a listed company's former chairman and executive director are accused of using false documents and nominee accounts to manipulate stock prices, creating fictitious agreements worth 20 million HKD with mainland companies [1][2] - The market manipulation scheme involved disseminating positive news to inflate stock prices, allowing perpetrators to sell at high prices while leaving ordinary investors to bear the losses [1][2] - The case highlights a stark contrast between traditional robbery, exemplified by the gold heist, and the more insidious nature of financial crimes in the capital market, where perpetrators operate from offices rather than through violence [1][2][3] Group 2 - The societal impact of market manipulation is significant, as it erodes market trust and can harm a larger number of ordinary investors compared to traditional theft, which primarily affects those directly involved [2] - Ordinary investors in the manipulated company experienced substantial losses as they watched stock prices plummet amidst speculative trading, contrasting with the rational behavior of Hong Kong citizens selling gold for profit during high prices [3]

Group 1 - Beijing Zhongfa Gongrong Venture Capital Fund Partnership (Limited Partnership) has been established with a total investment of 350 million RMB [1][2] - The fund's operational scope includes private equity investment, investment management, and asset management activities [1][2] - The fund is managed by Beijing Zhongguancun Venture Capital Development Co., Ltd. and ICBC Capital Management Co., Ltd. [1][2] Group 2 - The fund's partners include Beijing Zhongguancun Capital Fund Management Co., Ltd., ICBC Financial Asset Investment Co., Ltd., ICBC Capital Management Co., Ltd., and Beijing Zhongguancun Venture Capital Development Co., Ltd. [1][2] - The fund is registered with the Beijing Haidian District Market Supervision Administration [2] - The business term of the fund is from September 17, 2025, to September 16, 2032 [2]

Group 1 - The core viewpoint emphasizes the need for improved capital market construction to support the development of new productive forces in China [1][2] - Cross-border finance will be a key research focus, addressing the financial challenges faced by Chinese enterprises expanding overseas [2][3] - The current financial system in China is primarily bank-based, contrasting with the capital market-oriented system in the United States, which affects innovation financing [2] Group 2 - There is a significant lack of in-depth research on the financial needs of Chinese enterprises going abroad, particularly in offshore financial development [2] - The People's Bank of China announced a pilot reform for offshore trade finance services in the Lingang New Area, which aims to facilitate a "global order, overseas processing, Lingang settlement" model [2] - The focus on domestic demand growth and recovery is highlighted, with a call for increased attention to high-end service industry development as a means to boost consumption [3]

| 基本信息 4 | 法律诉讼 | 经营风险 | 经营信息 公i | | --- | --- | --- | --- | | 执行事务合伙人 2 | | 登记状态 ① | 开业 | | | 山东科创投资有限公司 公 | 成立日期 | 2025-09-16 | | 统一社会信用代码 ② | 91370283MAEX86JC1R | 出资额 | 150000万人民币 | | 工商注册号 | | 纳税人识别号 2 | 91370283MAEX86JC1R | | 营业期限 | 2025-09-16 至 2036-09-15 | 纳税人资质 | | | 促求型 | 有限合伙企业 | 行业 | 资本市场服务 | | 参保人数 | | 英文名称 | | | 登记机关 | 平度市市场监督管理局 | 主要经营场所 ② | 山东省青岛市平度市凤台街道 | | 经营范围 ① | | 一般项目:以私募基金从事股权投资、投资管理、资产管理等活动(须在中国证券投资基金业协会) 投资(限投资未上市企业)。 (除依法须经批准的项目外,凭营业执照依法自主开展经营活动) | | 每经AI快讯，天眼查App显示，近日，山东长永创业投资基金合伙企 ...