CSRC: Vigorously crack down on illegal and non-compliant acts such as financial fraud, market manipulation, insider trading, and false statements.

On March 13th, the Secretary of the Party Committee and Chairman of the China Securities Regulatory Commission (CSRC), Wu Qing, presided over an expanded meeting of the Party Committee. The meeting pointed out that the CSRC system should strengthen regulatory enforcement, focus on cracking down on major violations, illegal activities, and key areas, and severely punish financial fraud, market manipulation, insider trading, false statements, and other illegal activities. The meeting also emphasized the need to improve the regulatory system for the capital market, accelerate the improvement of the regulatory system for private equity funds under the "1+N+X" framework, continuously improve investor protection mechanisms, and effectively enhance the effectiveness and deterrent power of regulatory enforcement.