Multidimensional collaboration and strict regulation to strengthen the defense line for fair trading in the capital market

This year's "No. 1 penalty" issued by the China Securities Regulatory Commission directly targets market manipulation, with individual Yu Han being fined over 1 billion yuan for manipulating the stock price of "Doctor Glasses"; the Zhejiang Securities Regulatory Bureau has launched an investigation into misleading statements in the restructuring plan of Sunflower; the Shenzhen Stock Exchange is closely monitoring *ST CDT and *ST Changyao Group, which have been filed by the CSRC for suspected false financial data... Recently, a series of regulatory cases have been intensively announced, demonstrating the regulatory authorities' resolute attitude of "zero tolerance" towards market violations, and conveying a clear signal to strengthen trading supervision, maintain market fairness, and prevent large fluctuations. From administrative penalties to criminal accountability, from precise strikes to platform co-governance, regulatory authorities are building a multi-dimensional and three-dimensional regulatory network, striving to create a long-term governance pattern of "dare not violate, cannot violate, do not want to violate," and promoting the continuous purification of the market ecology through the enhancement of regulatory effectiveness. (China Securities Journal)