China’s securities regulator is pushing for new legislation to crack down on financial fraud, according to a statement from China Securities Regulatory Commission after a symposium with other government departments including the central bank.
- The meeting is about preventing and punishing financial fraud in the capital market
- The government will start a new round of campaign to strengthen corporate governance
- The CSRC fined companies a total of 8.1b yuan for financial fraud and issued 111 administrative penalties since 2024, after investigating into 159 cases
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