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| HSI1 | 25,978.07 | +62.87 | 236.72B |
| HSCEI1 | 8,775.62 | +42.99 | 76.71B |
| Back Zoom + Zoom - Block Traded | |
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CSRC Launches Special Initiatives to Combat & Prevent Financial Fraud by Listed Firms
2026-04-24 17:54:18 The China Securities Regulatory Commission (CSRC) announced that it recently launched a 2026 special initiative to combat and prevent financial fraud by listed companies. Since July 2024, when the General Office of the State Council forwarded the Opinions on Further Putting in the Effort for Comprehensive Punishment and Prevention of Financial Fraud in the Capital Market (Guo Ban Fa [2024] No. 34) jointly issued by the CSRC and five other departments, the CSRC has organized two rounds of special actions targeting financial fraud by listed companies. These actions focused on prominent issues such as abuse of the gross method to overstate revenue. A total of 263 financial fraud case leads have been investigated. Administrative penalty decisions have been formally issued in 107 cases. Major cases involving firms like Oriental Group were seriously handled, while 18 companies with severe fraud, including TongTech, were mandatorily delisted. ~ AASTOCKS Financial News Website: www.aastocks.com | |