Within this year, 27 A-share companies have received regulatory letters due to funds being misappropriated.

date
18/09/2025
According to incomplete statistics from reporters, as of now, 27 A-share listed companies have been subject to regulatory measures by the stock exchange due to fund occupation. The regulatory authority's determination and strict punishment towards fund occupation can be seen. Experts interviewed by reporters expressed that the issue of funds being occupied by listed companies is persistent, possibly due to unreasonable equity structure leading to "one dominant shareholder", lack of independence of independent directors, ineffective internal controls, and incomplete investor protection mechanisms. These factors allow major shareholders of listed companies to take advantage, making it difficult for small and medium investors to supervise. To solve this problem, listed companies need to optimize their equity structure, improve internal control systems, regulatory authorities need to increase penalties, strengthen investor protection mechanisms, and enhance information disclosure supervision, in order to collaboratively build a solid defense line for fund safety.