On February 12th, 2025, the regulatory authorities will continue to highlight the importance of strengthening the foundation, strict supervision and management, and always adhere to the principle of ‘long teeth with thorns’. According to reporters’ statistics, in January of this year, a total of 10 companies including ST Tiansheng, Yunnei Power, and Cisco Rui issued announcements related to investigations, involving listed companies, controlling shareholders and actual controllers, directors, supervisors, and senior personnel, exceeding the same period last year. The reporter noticed that with the introduction of the new “National Nine Measures” and the gradual implementation of the “1+N” policy system for the capital market, regulatory authorities have achieved remarkable results in safeguarding the high-quality development of the capital market with strong administrative law enforcement work. However, in the context of strict regulation, market manipulation still occurs from time to time. A senior securities rights lawyer told reporters that in order to have a better deterrent effect, in addition to punishing non compliant companies, we should continue to improve the mechanism of combining “administrative punishment+criminal accountability+civil compensation” and implement a three-dimensional accountability system. At the same time, we look forward to the judicial interpretation on civil compensation for insider trading and securities market manipulation being issued as soon as possible. (Securities Times)
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