Wu Qing: The tone of stability in the market has been consolidated, and the tone of strictness has been established.

On March 6th, at the press conference on the economic theme of the Fourth Session of the 14th National People’s Congress, CSRC Chairman Wu Qing stated that since the issuance of the new “National Nine Rules,” the CSRC has focused on cracking down on major, malicious, and key cases, daring to take a firm stance and deliver heavy punches. In the past two years, 1,130 securities and futures violations have been investigated and prosecuted, with fines and confiscations totaling 30.8 billion yuan, setting a record high. “We do not hope to set new records every year, but when violations occur and are discovered, we will investigate and handle them strictly,” Wu Qing said. With joint efforts from all parties, the foundation for market stability has been strengthened, a strict tone has been established, and the vitality for growth has also been stimulated. (First Financial)