11月21日晚，多家上市公司及相关责任人因涉嫌信息披露违法违规等问题，披露收到监管部门立案告知 书、行政处罚事先告知书或行政处罚决定书的相关公告。 在市场人士看来，集中披露上述公告彰显了监管部门强化执法震慑，对信息披露违法违规行为的"零容 忍"态度，有助于持续增强投资者信任和信心。 豪尔赛表示，公司将积极配合调查工作，目前各项经营活动正常有序开展，本次立案不会对公司经营和 管理造成重大影响。 因信息披露违法违规 嘉应制药收行政处罚决定书 嘉应制药（002198）11月21日晚公告称，公司于当日收到广东证监局下发的《行政处罚决定书》。 涉嫌信披违法违规 两家公司被证监会立案 聚石化学11月21日晚公告称，公司于当日收到证监会下发的《立案告知书》，因公司涉嫌信息披露违法 违规，证监会决定对公司立案。 聚石化学表示，目前公司各项经营活动和业务均正常开展。立案调查期间，公司将积极配合证监会的相 关工作，并严格按照相关法律法规和监管要求及时履行信息披露义务。 豪尔赛（002963）11月21日晚公告称，公司近日收到证监会下发的《立案告知书》，因涉嫌信息披露违 法违规，证监会对公司进行立案。 智动力实控人及时任高管 收行 ...

近日，中国证监会举办学习贯彻党的二十届四中全会精神宣讲报告会，中央宣讲 团成员，证监会党委书记、主席吴清作宣讲报告。 传解读，以钉钉子精神抓好各项任务落实，切实把全会精神的学习成效转化为推动资 本市场防风险、强监管、促高质量发展的实绩实效。 证监会党委班子成员，驻证监会纪检监察组负责同志、正处级以上干部，会机关 司局正处级以上干部现场参会。各派出机构、会管单位班子成员及处级（中层）干部 视频参会。 吴清围绕习近平总书记在党的二十届四中全会上的重要讲话精神和《中共中央关 于制定国民经济和社会发展第十五个五年规划的建议》，从准确把握党的二十届四中 全会的重大意义，深刻认识"十四五"时期我国经济社会发展取得的新的重大成就，深 刻领会"十五五"时期经济社会发展的指导思想、重要原则、主要目标、战略任务和重 大举措，以及坚持和加强党的全面领导，凝聚起推进中国式现代化的磅礴力量等方 面，结合资本市场工作实际，作了深入宣讲和系统阐释。 吴清强调，习近平总书记在全会上的重要讲话高屋建瓴、定向领航，明确了推动 未来5年乃至更长一段时期经济社会发展的一系列方向性、根本性重大问题，进一步深 化了我们党对经济社会发展的规律性认识，为推 ...

在促高质量发展方面，河北证监局始终把服务雄安作为核心任务，组织召开雄安新区的新增辅导企业见 面会，明确监管要求，传递监管态度。举办河北资本市场赋能产业集群百县行(雄安新区)专题活动，为 企业上市提供专业服务。联合市深交所走访雄安集团、中国星网等企业，就企业关心的资本市场问题答 疑解惑。 该负责人表示，河北证监局支持企业通过IPO、再融资、债券发行等方式，拓宽直接融资渠道，引导私 募基金、证券期货机构等资本要素向雄安新区集聚，推动形成资本赋能产业、产业支撑新区发展的良性 循环。 在强监管方面，坚持依法从严的理念，强化"长牙带刺"的监管举措，坚决打击各类违法违规行为，切实 提升一线监管的威慑力和有效性。 在防风险方面，坚持早识别、早预警、早暴露、早处置的原则，紧盯重点领域和关键环节，牢牢守住不 发生系统性金融风险的底线。 11月14日，河北证监局有关负责人在第九届雄安新区投融资发展论坛上致辞时表示，河北证监局始终坚 持以"强监管、防风险、促高质量发展"为主线，努力打造一个安全、规范、透明、开放、有活力、有韧 性的资本市场，全力构建适应河北及雄安新区发展需求的区域资本市场生态。 ...

Core Viewpoint - The China Securities Regulatory Commission's International Advisory Committee emphasizes the need for a more proactive approach in the capital market during the 14th Five-Year Plan period to enhance China's economic high-quality development and provide more opportunities globally [1][2] Group 1: Meeting Highlights - The 22nd meeting of the International Advisory Committee was held in Beijing, focusing on innovation, inclusiveness, and openness to better promote high-quality development in the capital market [1] - Committee members acknowledged the achievements of the 20th Central Committee's Fourth Plenary Session and noted improvements in investor confidence and market resilience since the government's measures were introduced in September last year [1] Group 2: Recommendations and Suggestions - The committee proposed enhancing the coordination between investment and financing functions in the capital market, improving the inclusiveness and adaptability of market systems, and strengthening the functions of the bond and futures markets [2] - Suggestions included leveraging technology to empower capital market development and regulation, promoting high-level institutional openness, and deepening international regulatory cooperation [2]

Group 1 - The deputy director of the Henan Securities Regulatory Bureau, Chu Tianhui, is under investigation for serious violations of discipline and law [2] - The investigation is being conducted by the Central Commission for Discipline Inspection and the National Supervisory Commission, along with the Henan Provincial Commission for Discipline Inspection [3]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued a work plan to optimize the Qualified Foreign Institutional Investor (QFII) system, aiming to enhance its attractiveness to foreign long-term capital and promote a new open pattern of interaction between domestic and foreign financial institutions [1] Group 1: Policy Background - The optimization of the QFII system is part of the broader strategy outlined in the 20th National Congress of the Communist Party of China, emphasizing the importance of financial openness while ensuring security [1] - The QFII system has been a key channel for foreign investors to allocate assets in China, contributing positively to the opening up of the capital market [1] Group 2: Implementation Goals - The work plan aims to implement reforms within approximately two years, focusing on optimizing access management and facilitating investment operations [1] - The goal is to create a balanced development between onshore and offshore channels, as well as between allocation-type and trading-type funds [1] Group 3: Future Actions - The CSRC will expedite the implementation of the proposed optimization measures and further deepen research on the QFII system [1] - Continuous efforts will be made to enrich and enhance the attractiveness of the foreign investment system through reform measures [1]

Core Insights - The SEC is facing challenges due to the government shutdown, impacting its ability to process IPOs and corporate registrations [2][4] - There is ongoing discussion about the relevance of quarterly earnings reports, with some advocating for a shift to semiannual reporting to alleviate pressure on companies [8][9] - The SEC is considering regulatory changes to improve the IPO environment and reduce litigation risks for public companies [10][11] Group 1: SEC Operations and IPOs - The SEC's operations are disrupted by the government shutdown, affecting communication with companies and the processing of IPOs [2][4] - Despite the challenges, the SEC is still facilitating some IPOs that have completed the comment process [4] Group 2: Quarterly Earnings Reporting - The debate on quarterly earnings reporting continues, with some industry leaders suggesting that it encourages short-term thinking [8][9] - The SEC is exploring the possibility of allowing companies to report semiannually instead of quarterly [9] Group 3: Regulatory Environment and Litigation - The SEC aims to streamline disclosure laws and create better protections for companies against litigation [6][10] - There is a recognition that the current regulatory framework may be overly burdensome, leading to information overload for companies [11]

Group 1 - The article reports that Guo Xudong, former chairman of the Issuance Review Committee of the China Securities Regulatory Commission (CSRC), is under investigation for serious job-related violations and has voluntarily surrendered to authorities [2][4] - Guo Xudong has over 20 years of service at the CSRC, primarily involved in IPO review work, and has held various positions including member of the issuance review committee across multiple terms [2][4] - His career at the CSRC includes a return to the issuance review committee in September 2017, where he served as deputy director of the issuance supervision department, and he was later reported to have resigned in 2019 [4]

Core Viewpoint - The former chairman of the China Securities Regulatory Commission (CSRC) issuance review committee, Guo Xudong, is under investigation for serious job-related violations, marking a significant development in financial anti-corruption efforts in China [1]. Group 1: Background Information - Guo Xudong has worked at the CSRC for over 20 years, primarily involved in IPO review work [3]. - He served as a member of the issuance review committee during multiple terms, starting from 2007 [3]. - Guo held various positions within the CSRC, including deputy director of the non-listed public companies department and the public companies department [3]. Group 2: Recent Developments - In September 2017, Guo returned to the issuance review committee as deputy director of the issuance supervision department [3]. - Reports of Guo's resignation surfaced in 2019, and he was officially removed from the issuance review committee in July 2020 [3]. - In 2021, Guo was reported to have joined Contemporary Group as vice chairman, which was viewed as a transitional arrangement [3].

Core Viewpoint - The China Securities Regulatory Commission (CSRC) is actively implementing reforms and rectifications based on the feedback from the recent inspection, focusing on enhancing the capital market's functionality and ensuring compliance with regulations [1][3][16]. Group 1: Political Responsibility and Reform Implementation - The CSRC is treating the inspection rectification as a major political task, emphasizing the importance of political leadership and responsibility in executing reforms [3][4]. - A comprehensive responsibility system has been established to ensure accountability throughout the rectification process, with the CSRC leadership directly overseeing the implementation of corrective measures [3][4]. Group 2: Capital Market Reform and Development - The CSRC is committed to deepening the stock issuance registration system and tightening the entry standards for public offerings, while also enhancing the responsibilities of intermediary institutions [5][7]. - New measures are being introduced to support high-quality technology enterprises in their public offerings, alongside initiatives to invigorate the mergers and acquisitions market [7][8]. Group 3: Investor Protection and Market Stability - The CSRC is enhancing mechanisms to protect the rights of small and medium investors, ensuring that their interests are prioritized in regulatory frameworks [6][8]. - Efforts are being made to improve market risk monitoring and prevention capabilities, including the establishment of a comprehensive risk monitoring system [10][15]. Group 4: Regulatory Enforcement and Compliance - The CSRC is intensifying its regulatory oversight, focusing on preventing financial fraud and ensuring compliance among listed companies and intermediary institutions [8][9]. - A comprehensive system for punishing violations and enhancing the effectiveness of regulatory enforcement is being developed [9][10]. Group 5: Long-term Rectification and Continuous Improvement - The CSRC is committed to maintaining a long-term rectification approach, ensuring that reforms are not only implemented but also sustained over time [17][19]. - Continuous monitoring and evaluation of the rectification outcomes will be conducted to prevent regression and ensure ongoing improvement [19].