Todays Perspective: Capital market irregularities are becoming more and more like a broken road

category:Finance
 Todays Perspective: Capital market irregularities are becoming more and more like a broken road


Yi Huiman, chairman of the Securities Regulatory Commission, has also made many statements on the construction of the rule of law in the capital market. At the news conference held by the State New Office on February 27 this year, he pointed out that we must respect the rule of law, adhere to the rule of law, supervise and control according to law, and effectively protect the legitimate rights and interests of investors. On May 11, at the annual meeting of the Association of Listed Companies of China in 2019, he said that we should further strengthen close cooperation with public prosecution and other organs to damage investment. Those who violate the law and regulations of their legitimate rights and interests should be punished more vigorously and actively create a legal environment for the standardized development of listed companies.

At the same time, other parties also escort the construction of the rule of law in the capital market. For example, on June 28 this year, the Supreme Peoples Court and the Supreme Peoples Procuratorate jointly issued criminal judicial interpretations for manipulating the market and trading with undisclosed information, which were put into effect on July 1. This is conducive to properly solving the practical problems faced by supervision, law enforcement and criminal justice, and is to increase the cost of capital market crimes and strengthen them. On July 23, the Shanghai Financial Court issued its Opinions on the Implementation of the Reform of Service Guarantee System and the Pilot Registration System, and formulated 23 specific measures from various aspects.

Promoting the legalization level of capital market is a long-term systematic project. In this regard, regulators are working hard. Other participants in the capital market, such as intermediaries, must also be in awe of the law. This requires practicing, faithfully fulfilling, paying attention to obligations, consciously adhering to industry ethics, and making positive contributions to the healthy development of the capital market.

Source: Liable Editor of Securities Daily: Yang Qian_NF4425