The China Securities Regulatory Commission convened a Beijing meeting chaired by Chairman Wu Qing to review progress in central and local coordination on the comprehensive system for preventing and punishing capital market financial fraud, and to discuss the next phase of the effort with local officials. The update shows a sharper enforcement push since the State Council General Office forwarded related policy opinions in July 2024, with stronger coordination across administrative, criminal and investor-protection channels. Three rounds of special actions have led to 247 financial fraud cases being handled, 156 administrative penalties, more than CNY 9.051 billion in fines and confiscations, and 21 companies with serious fraud forcibly delisted. Authorities also set up a mechanism to transfer and report cases involving third parties that assist fraud, sending more than 1,500 leads to local governments and relevant departments. Criminal coordination has been strengthened through 134 suspected financial fraud crime leads transferred to public security authorities, while prosecutors brought charges against 267 people in 95 cases and placed 55 major cases under special supervision. Investor redress channels were expanded through support for 84 civil actions, including nearly CNY 500 million in advance compensation for investors in two cases. The meeting concluded that the framework has become more developed but that joint efforts need to continue. Priorities include improving joint disciplinary measures and social oversight, strengthening regulatory cooperation and information sharing, and intensifying action against parties that facilitate fraud through better lead-reporting and feedback mechanisms. The commission said it will deepen coordination with local authorities on source-level controls, information sharing, joint enforcement, risk disposal and investor protection.
China Securities Regulatory Commission2026-06-30
China Securities Regulatory Commission reviews anti-fraud coordination progress, 247 capital market financial fraud cases handled
The China Securities Regulatory Commission reviewed progress in central and local coordination to combat capital market financial fraud and said enforcement has intensified since July 2024. Authorities have handled 247 cases, imposed 156 administrative penalties, collected more than CNY 9.051 billion in fines and confiscations, and forced 21 seriously fraudulent companies to delist. Next steps focus on stronger joint discipline, better information sharing and tougher action against parties that assist fraud.