Hello everyone, today is the evening of Friday, July 5th, Friday's Chinese stock market closed, today's A shares bottomed out as scheduled, Science and Technology 50, Shenzhen Stock Exchange Component Index supported the bottoming up as scheduled, at the same time, just two important news came from the market, the China Securities Regulatory Commission made a heavy statement, which made people suddenly clear, what happened? A sincere reminder to 220 million shareholders!
The first important news: China Securities Regulatory Commission: the upper limit of fines for fraudulent issuance will be increased from 5% to 1 time of the funds raised The maximum penalty for illegal disclosure will be increased from 3 years to 10 years.
The upper limit of fines for non-compliant disclosure companies and responsible persons has been significantly increased from 600,000 yuan and 300,000 yuan to 10 million yuan and 5 million yuan, and the upper limit of fines for fraudulent issuance has been increased from 5% to 1 time of the funds raised; The maximum penalty for non-disclosure has been increased from 3 years to 10 years.
Personal interpretation: Fines and sentences for non-compliant disclosures, fraudulent issuances have been increased. This has also increased the intensity of deterring violations of laws and regulations in the capital market. This is conducive to the openness, fairness and impartiality of the A-share financial market and the healthy development of the basic market.
At the same time, compared with foreign punishment cases, such penalties may need to be further improved, and only more severe punishment laws can have a stronger sense of deterrence fraud issuance and illegal disclosure. It is expected that our A-share market will no longer have fraudulent issuance, illegal disclosure and other violations of laws and regulations from now on.
The second important news: the China Securities Regulatory Commission and other departments issued the "Opinions on Further Improving the Comprehensive Punishment and Prevention of Financial Fraud in the Capital Market".
Personal interpretation: The six departments have cracked down on financial fraud in the capital market, made a series of important measures to prevent and control financial fraud, promoted the establishment of internal accountability mechanisms such as performance pay recourse for listed companies, suspended or prohibited intermediaries with major violations of laws and regulations from engaging in securities service business in accordance with the law, and increased the crackdown on manipulating asset impairment provisions, adjusting profits, and covering up fraud in the early stage with financial "bathing".
Strictly punish financial fraud based on the completion of mergers and acquisitions, promises to facilitate major shareholders to absorb huge dividends, meet the conditions for the exercise of equity incentives, avoid delisting, etc., improve the reward mechanism for insiders to report, increase the amount of bonuses, increase the criminal accountability of financial fraud in the capital market, promote the improvement of the support mechanism for civil accountability, and severely crack down on systemic fraud and cooperate with fraud.
Today, the six departments finally struck hard to crack down on financial fraud in the capital market, which is the strictest new regulation in the history of the A-share securities market to crack down on financial fraud, and it is believed that the fraud in the A-share market can play a major role in maintaining confidence in the A-share market. It is expected that there will be no more snowflakes of fraud in the A-share market, and there will be zero tolerance for financial fraud. This has played a powerful role in boosting investor confidence!
Generally speaking, the China Securities Regulatory Commission (CSRC) has issued a series of punishments and prevention measures against some financial frauds in the capital market, which is conducive to putting an end to all financial frauds and has brought a huge deterrent effect to the market. At the same time, the penalties and penalties for fraudulent issuance and illegal disclosure have also been increased, and the punishment for severe punishment has been increased, which has brought a significant positive impact on maintaining the healthy development of the capital market. I believe that in the future, the financial statements and high-quality issuance of IPOs of listed companies in our A-share market will get better and better. Tonight, the China Securities Regulatory Commission will once again enlarge its moves, fierce moves, fierce drugs, and heavy medicines, and look forward to our A-share market being better tomorrow.
Finally, today's A-share trading volume of 570 billion fell to 2920.20 and rebounded slightly by 7 points, nearly 4,000 companies in the two cities rose, 54 daily limits, Kechuang 50 and CSI 1000 bottomed out and rose more than 1%, and the ChiNext and Shenzhen Stock Exchange Component Index bottomed out and rose slightly red. Today, A-shares bottomed out and rebounded as scheduled, and the Science and Technology Innovation 50 and Shenzhen Stock Exchange Component Index bottomed out and rebounded at the support levels of 0.191 and 0.382 in the golden section as scheduled.
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