The Beijing, Shanghai, Shenzhen, and Jiangsu securities regulatory bureaus simultaneously took administrative supervision measures to order the repurchase of illegally reduced holdings of shares of companies listed on the Beijing Stock Exchange by three investors and to pay the price difference to listed companies, and recorded them in the securities and futures market integrity file. According to the reporter's incomplete statistics, as of October 14, the Securities Regulatory Commission and the local securities regulatory bureau issued a total of 157 fines for illegal holdings reduction during the year, involving 212 investors, involving acts such as reducing holdings in violation of promises, excessive holdings reduction, failure to fulfill credit disclosure obligations, and buying and selling within six months. Judging from the illegal holdings reduction fines issued by the supervisory authorities since this year, the supervisory authorities have acted quickly and “dealt with” and “hurt.” Zhang Zhiwang, a partner and lawyer at Zhejiang Liuhe Law Firm, said that this fully demonstrates the determination of the supervisory authorities to shape a healthy market ecology, maintain the steady operation and fairness of the capital market, and protect the legitimate rights and interests of small and medium-sized investors.

The Beijing, Shanghai, Shenzhen, and Jiangsu securities regulatory bureaus simultaneously took administrative supervision measures to order the repurchase of illegally reduced holdings of shares of companies listed on the Beijing Stock Exchange by three investors and to pay the price difference to listed companies, and recorded them in the securities and futures market integrity file. According to the reporter's incomplete statistics, as of October 14, the Securities Regulatory Commission and the local securities regulatory bureau issued a total of 157 fines for illegal holdings reduction during the year, involving 212 investors, involving acts such as reducing holdings in violation of promises, excessive holdings reduction, failure to fulfill credit disclosure obligations, and buying and selling within six months. Judging from the illegal holdings reduction fines issued by the supervisory authorities since this year, the supervisory authorities have acted quickly and “dealt with” and “hurt.” Zhang Zhiwang, a partner and lawyer at Zhejiang Liuhe Law Firm, said that this fully demonstrates the determination of the supervisory authorities to shape a healthy market ecology, maintain the steady operation and fairness of the capital market, and protect the legitimate rights and interests of small and medium-sized investors.