What are the signals of the case of joint supervision and control over market manipulation?

category:Finance
 What are the signals of the case of joint supervision and control over market manipulation?


For a long time, the situation of Never stretch your hand, you will be caught has been repeated in the capital market. According to incomplete statistics of information released by the CSRC, as of December 27, 2019, the CSRC and the local CSRC have issued 238 tickets, including 96 insider trading tickets, accounting for 40.34% of the total, and 64 information disclosure tickets, accounting for 26.89%. Behind each ticket is the zero tolerance of the regulatory authorities for illegal reaching out behaviors.

Especially since last year, in the context of comprehensively deepening the reform of the capital market, the CSRC has been constantly improving its efforts to crack down on illegal acts in the capital market.

On June 28, 2019, the Supreme Peoples court and the Supreme Peoples Procuratorate announced the interpretation of the Supreme Peoples court and the Supreme Peoples Procuratorate on Several Issues concerning the application of law in handling criminal cases of securities and futures market manipulation, and the interpretation of the Supreme Peoples court and the Supreme Peoples Procuratorate on Several Issues concerning the application of law in handling criminal cases of trading without public information.

These two judicial interpretations fully reflect the new changes and characteristics of market manipulation and rat warehouse crimes, further strengthen the crackdown on the two types of illegal securities and Futures Crimes, help to properly solve the practical problems faced by regulatory law enforcement and criminal justice, are important measures to improve the cost of illegal crimes in the capital market, strengthen legal responsibility, and promote capital The stable and healthy development of the market is of great significance.

In September 2019, the chairman of the CSRC, Yi Huiman, published the signed article strive to build a standardized, transparent, open, dynamic and resilient capital market, which pointed out that we should adhere to the rule of law. In November, the CSRC and the Ministry of Public Security jointly organized a training course on cracking down on illegal securities and Futures Crimes. The newly revised Securities Law has laid a solid legal foundation for the capital market to punish illegal acts. The new securities law has substantially increased administrative penalties for illegal acts such as false statements, insider trading and market manipulation.

The author believes that with the implementation of the new securities law on March 1 this year, the capital market will usher in a new legal environment. At the same time, the comprehensive law enforcement system constructed by the regulatory authorities will gradually mature and play an increasingly important role in combating market violations.

Source: responsible editor of Securities Daily: Yang qian_nf4425