CSRC Deploys Special Action to Crack Down on and Prevent Financial Fraud in Listed Companies
This special operation highlights the three objectives of early detection, strong prevention, and excellent mechanism. It integrates the organic connection of discovering, punishing, delisting, and insuring, focusing on four key tasks.
Recently, the China Securities Regulatory Commission (CSRC) deployed a special action to crack down on and prevent financial fraud by listed companies. This special action emphasizes early detection, strong prevention, and optimal mechanisms, and integrates the discovery, punishment, delisting, and insurance processes organically, focusing on four key tasks.
The first key task is to enhance the monitoring network to discover misconduct. This includes optimizing classification supervision, strengthening regular monitoring and investigation of warning signals, strengthening the use of supervision data warehouses for information retrieval, and applying AI models for financial fraud supervision. It also involves accelerating the establishment of a non-site monitoring and discovery center for financial fraud and a third-party collaboration monitoring center.
The article discusses the deployment of the CSRC in this special action and emphasizes the importance of early detection, strong prevention measures, and optimal mechanisms in combating financial fraud by listed companies.
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