Supreme Procuratorate: From January to June this year, 147 people were sued for various securities crimes, an increase of 93.4% year-on-year

On September 9, the Supreme Prosecutor's Supreme Law, the Ministry of Public Security, and the China Securities Regulatory Commission held a press conference on "Strictly cracking down on securities illegal crimes to create a good environment for the rule of law for the capital market". The China Securities Regulatory Commission jointly compiled a typical case of securities crime according to law, and introduced the work of punishing securities crimes in accordance with the law.

↑ Zhang Xiaojin, director of the Fourth Procuratorate of the Supreme Procuratorate and Director of the Procuratorate of the Supreme Procuratorate in China Securities Supervision and Administration Commission

At the meeting, Zhang Xiaojin, director of the Fourth Procuratorate of the Supreme People's Procuratorate and director of the Procuratorate of the Supreme People's Procuratorate in China Securities Supervision and Administration Commission, introduced that the typical cases of the five securities crimes issued this time involved illegal disclosure, not disclosing important information, manipulating securities to manipulate securities Market crimes, the crime of using uninterrupted information transactions, insider trading crimes, and memorizing securities crimes such as the crime of damage to the interests of listed companies. There are several characteristics of these typical cases:

The first is to cover the main type of current securities crime. Five typical cases cover the common crimes of capital markets and new crimes that have increased in recent years, reflecting the characteristics and trends of current securities crimes, and clarifying the application of relevant laws. Among them, in response to the financial market financial fraud in the current social concern, the opponents of the listed company and the major asset reorganization transactions of listed companies and the major assets of listed companies respectively constitute two typical cases of illegal disclosure and not disclosing important information.

The second is to highlight the attitude of strictness in accordance with the law and the full chain to combat securities illegal crimes. Among the five typical cases, some of the criminal responsibilities of the financial fraud and disclosure of listed companies in accordance with the law and disclosed illegal disclosure, but also prosecuted the audit institutions that do not fulfill their duties of "watchmen" and help fraud. Digging criminal clues to find out the facts of all criminals; some criminals have all aspects of accountability, safeguard the legitimate rights and interests of investors, and show the judicial attitude of severe punishment for securities illegal crimes and accountability for full chain from different aspects.

The third is to reflect the effectiveness of law enforcement judicial departments. Among the five typical cases, the securities supervision agencies give full play to the administrative supervision functions, investigate and investigate in accordance with the law, and transfer suspected criminal securities cases; public security organs will file a case in time to investigate, dig deep criminal clues, and investigate the facts of the criminal. The application of the law, accurately accurately prove the crime; the people's courts trial and accurately senify them according to law, and comprehensively use multiple means to restore investors' losses. The four departments cooperate and restrict supervision, comprehensively use administrative penalties, market ban decisions, and criminal sanctions measures, increase the illegal and crimes of punishment securities in accordance with the law, and hand in the clear signal of zero tolerance to the capital market.

Zhang Xiaojin introduced that from 2021 to June this year, the national procuratorial organs sued a total of 376 crimes of various types of securities. Among them, 147 people prosecuted from January to June this year, an increase of 93.4%year-on-year. A number of cases of financial fraud, manipulating markets, and insider transactions have been handled by a number of major social influence, forming a high -pressure situation in combating securities crimes. On September 18, 2021, the Procuratorate of the Supreme Procuratorate was unveiled. In addition, the construction of seven securities criminal cases such as Beijing, Tianjin, Liaoning, Shanghai, Chongqing, Qingdao, and Shenzhen will continue to handle cases of difficult and complicated securities criminal cases; strengthen the construction of procuratorial organs in the large number of cases in Zhejiang and Jiangsu. On April 30 this year, the Supreme Procuratorate and the Ministry of Public Security jointly issued a revised securities crime file pursuit standard. The United Law of the Supreme Law, the Ministry of Public Security, and the China Securities Regulatory Commission selected 5 typical cases from the more successful securities crime cases in recent years to release them.

Zhang Xia Jin said that "a case is better than a dozen documents." Jointly publishing typical cases is to give full play to the guidance, education, and warning of the case. Through the release of cases, the case was released to warn the director of the listed company, the director of the listed company, the employees of the securities institution and the intermediary agencies should employ and perform their duties in accordance with laws and regulations, and resolutely punish the law enforcement and judicial organs of illegal crimes.

Zhang Xiaojin said that the procuratorial organs protect investors' rights and interests in accordance with the law, implement the entire process of pursuing the case, and insist on "chasing the chase", through the "one case and double investigation" of money laundering crimes, support for special representative lawsuits, etc. The maximum may help investors restore economic losses. In close combination of supervision and handling cases, assisting the pulse listed companies, financial institutions, and industry supervision have universal problems and loopholes, through the issuance of procuratorial proposals and carried out corporate compliance involved in the case, to achieve "handling one case and governance", which is both, both Treatment of "sickness", prevent "not illness", and promote source governance.

Red Star reporter Wu Yang Beijing report

Editor Yu Dongmei Intern editor Zhu Jieying

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