Cheng Hehong, Chief Lawyer of the Securities Regulatory Commission: Cooperate with judiciary agencies to study and formulate judicial interpretations on insider trading and market manipulation civil damage compensation, and increase the application of the advance compensation system.

Cheng Hehong, the chief lawyer of the China Securities Regulatory Commission, stated on March 27 at the Boao Forum for Asia 2026 Annual Conference that the next step for the Commission is to strictly enforce the law and enhance investor protection. It will focus on punishing fraudulent securities and futures activities such as fraudulent issuance, financial fraud, market manipulation, insider trading, fraud against customers, etc., which infringe upon the rights of investors and disrupt market order. For activities that constitute crimes, they will be transferred to public security and judicial authorities according to law. The Commission will cooperate with judicial authorities to research and formulate judicial interpretations on civil damages for insider trading and market manipulation, further promote securities representative litigation, increase the application of the advance compensation system, enhance the quality and effectiveness of investor education, and better integrate investor education into the business processes of securities and futures institutions for developing customers and providing services.