China Securities Regulatory Commission and Supreme People’s Procuratorate publish eight guiding cases on securities violations and crimes

The China Securities Regulatory Commission and the Supreme People’s Procuratorate jointly released eight guiding cases covering securities-related administrative violations and criminal offences, aimed at strengthening coordination between administrative enforcement and criminal justice and reinforcing a “zero tolerance” approach to misconduct in capital markets. The batch comprises four securities criminal cases and four administrative enforcement cases. The administrative cases draw from key categories including fraudulent issuance, information disclosure violations, market manipulation and insider trading, while the criminal cases span the main types of securities crimes and set out key handling points for difficult issues in practice. A joint press conference was held alongside the release. The CSRC indicated it will continue implementing central government decisions on capital market regulation,推进 the “new ‘National Nine Articles’” and the capital market “1+N” policy framework, improve its ability to detect leads and raise case-handling quality and efficiency, while further strengthening coordination with judicial authorities and other financial regulators.