The China Securities Regulatory Commission organized a cross-department training session in Beijing on the comprehensive punishment and prevention of financial fraud in the capital market, bringing together more than 200 officials from relevant authorities and the CSRC system. The update centered on strengthening coordinated detection, investigation and accountability for accounting fraud by listed companies, while also providing an enforcement progress report on the commission's current anti-fraud campaign. Training discussions focused on making the framework more systematic and coordinated, including building a tighter regulatory detection network, using administrative, criminal and civil liability in combination to raise the cost of violations, and improving cross-department enforcement efficiency. The commission said the third round of its special campaign against and prevention of listed company financial fraud, launched in April after the new "National Nine Articles," is working through six stages including listing review, ongoing supervision, inspections and enforcement, penalty adjudication, criminal referrals and support for civil recovery, and has so far handled 47 typical cases. Across three rounds of special action since 2024, the CSRC system has investigated 247 financial fraud cases, imposed 156 administrative penalties and transferred 134 suspected criminal cases to public security authorities. Over the past three years, 21 companies involved in serious fraud were forcibly delisted, and securities violations at 91 delisted companies were also pursued to prevent delisting from ending enforcement exposure. Next, the commission said it will continue strengthening coordination with other departments and turn the training outcomes into operational enforcement work.
China Securities Regulatory Commission2026-07-17
China Securities Regulatory Commission holds cross-department financial fraud enforcement training, reports 47 cases in third listed company anti-fraud campaign
The China Securities Regulatory Commission held a cross-department training session in Beijing on detecting and punishing capital market financial fraud, with more than 200 officials attending. It said the third round of its listed company anti-fraud campaign, launched in April, has handled 47 typical cases. Since 2024, three rounds of special action have produced 247 investigations, 156 administrative penalties and 134 criminal referrals.