Wu Qing: Utilizing multiple measures to enhance the comprehensive effectiveness of preventing and punishing financial fraud.

On March 6th, at the Economic Theme Press Conference of the Fourth Session of the Fourteenth National People's Congress, Wu Qing, Chairman of the China Securities Regulatory Commission, stated that last year, 16 listed companies were delisted due to serious fraud. The CSRC will further strengthen market discipline, take multiple measures to enhance the comprehensive effectiveness of preventing and punishing financial fraud, introduce regulations on the supervision of listed companies, accelerate the implementation of the newly revised corporate governance guidelines for listed companies, strictly punish fraud, increase efforts to investigate financial fraud, strengthen cooperation with third parties to combat fraud, strictly enforce the mandatory delisting requirements for fraudulent companies, and break the cycle of financial fraud.