Regulatory control over speculative hot concepts and build a solid defense line for capital market disclosure.

Recently, Wu Qing, Chairman of the China Securities Regulatory Commission, clearly stated at the 2026 Lujiazui Forum that they will strictly investigate and punish illegal activities such as using the name of technology to speculate on hot topics, manipulate the market, and engage in insider trading. Currently, there is a continued increase in the hot sectors like artificial intelligence, optical chips, and commercial aerospace. Some listed companies have departed from their own operational fundamentals and deliberately exaggerated the industry relevance through various information dissemination channels, leading to a lot of speculative hype without performance support. With increased regulatory efforts, several typical cases have been rigorously dealt with recently, effectively curbing the speculative atmosphere in the market.