SSE Imposes Harsh Punishment against Illegal Information Disclosure and Prioritizes Investigations into Five Violations
来源:上海证券交易所
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作者:肯萨财税事务部
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发布时间: 2892天前
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431 次浏览
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Recently, the Shanghai Stock Exchange ("SSE") has held a press conference to answers questions raised by reporters concerning the focus of investigations launched to probe into violations of listed companies.
Recently, the Shanghai Stock Exchange ("SSE") has held a press conference to answers questions raised by reporters concerning the focus of investigations launched to probe into violations of listed companies.
The SSE said it has focused on the investigation and punishment of five violations since this year, during programs to inspect information disclosure illegalities. The first was imposing harsher punishment on listed companies if they are found involved in chaotic capital operation; the second was investigating and cracking down upon illegal disclosure of financial information in a serious manner; the third was dealing in a severe manner with the illegal practices of major shareholders, directors, supervisors and senior executives to cut back on shares they have held; the fourth was strictly regulating listed companies' unjustified trading suspension; and the fifth was including listed companies' operating faults in significant businesses into the accountability coverage for the first time. In particular, with regard to listed companies' trading suspension and resumption, the SSE calls for severely probing into and cracking down upon unjustified trading suspension for a long period of time. In case of a couple of companies that suspend trading of their own shares upon application by reason of any major event, but fail to announce the actual progress of such event in strict accordance with applicable rules, and seek long-term trading suspension with various excuses, thus suspected of abusing their right to suspend trading of shares, relevant responsibilities will be investigated seriously.
