Reported about 1 year ago
In an effort to crack down on financial fraud in capital markets, China's Securities Regulatory Commission, along with other government entities, released a document outlining five key measures to enhance preventive efforts, including raising fines for companies and individuals involved in fraudulent financial disclosures to a maximum of 10 million RMB. The commission emphasized the importance of both punishment and prevention, with proposed revisions to securities laws increasing penalties significantly and imposing longer prison sentences for violations.
Source: YAHOO