CSRC's He Yanchun: First release of administrative guidance case reflects the strict tone of long teeth and thorns, with edges and corners.

Jinshi Data News on February 21st, on February 21st, He Yanchun, Director of the Administrative Penalty Office of the China Securities Regulatory Commission, stated at the press conference on “Strictly Crack Down on Securities Violations and Crimes in accordance with the Law to Promote the Healthy and Stable Development of the Capital Market”. This is the first time that the China Securities Regulatory Commission has issued administrative guidance cases, which not only concretely demonstrate the regulatory law enforcement achievements in recent years, but also set a “benchmark” for law enforcement to play a demonstrative and guiding role, and demonstrate a clear attitude of strict supervision and management of the Capital Market. First, it reflects the strict tone of “long teeth and thorns” and a strict attitude with edges and corners; second, it reflects the legal concept of precise accountability and “appropriate penalties”; third, it reflects the enforcement orientation of being strict yet effective and using cases to promote governance.