China Securities Journal: Weaving a tight regulatory network, cracking down heavily on market manipulation.

Recently, the China Securities Regulatory Commission (CSRC) clarified its firm determination to crack down on market manipulation and disruption of market order, and the Ministry of Public Security has recently released several cases of market manipulation crimes. The Supreme People's Court has clearly stated that it will expedite the formulation of judicial interpretations on civil compensation for market manipulation. Multiple parties are working together to target market manipulation in the capital market. It is foreseeable that with the continuous strengthening of trading supervision and the accelerated implementation of civil compensation judicial interpretations for market manipulation, administrative and judicial forces will form a joint force, and a more stringent full-chain regulatory network will be woven in the capital market. Under the dual driving forces of strong crackdown and institutional improvement, the market ecology will continue to be purified, investors' legitimate rights and interests will be more solidly protected, and the foundation for the long-term stable development of the capital market will be more solid.