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CSRC: Crack down severely on illegal and irregular activities such as financial fraud, market manipulation, insider trading, and false statements
March 13th, the Party Secretary and Chairman of the China Securities Regulatory Commission (CSRC), Wu Qing, presided over an expanded Party Committee meeting. The meeting pointed out that the CSRC system should strengthen regulatory enforcement, focus on cracking down on major, malicious, and key issues, severely combat illegal activities such as financial fraud, market manipulation, insider trading, and false statements, improve the legal and regulatory framework of the capital market, accelerate the development of a “1+N+X” regulatory system for private funds, continuously improve investor protection mechanisms, and effectively enhance the effectiveness and deterrence of regulatory enforcement. (CSRC)