At a press conference held by the State Information Office today, the relevant person in charge of the Securities Regulatory Commission explained that in the first eight months of this year, 644 securities and futures illegal cases were investigated and handled, 9.84 billion yuan was forfeited, and 5.15 billion yuan was recovered for investors through various methods. Li Chao, vice chairman of the China Securities Regulatory Commission, explained that the focus is on major illegal acts such as fraudulent issuance, financial fraud, market manipulation, and insider trading, and that efforts are being made to “identify and deal with pain” to increase the deterrent power of supervision and enforcement. Accelerate the improvement of the capital market legal system and improve the investor protection system mechanism, so that investors can actually feel the fairness and justice of the market.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.