China Securities Regulator Sets Out Coordinated Financial Fraud Crackdown
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China’s top securities regulator has set out a coordinated crackdown on financial fraud, convening a high-level meeting with law enforcement, judicial and financial agencies as Beijing seeks to shore up investor confidence.
The meeting, chaired on Monday by China Securities Regulatory Commission (CSRC) Chairman Wu Qing, included officials from the Supreme People’s Court, the Ministry of Public Security, the People’s Bank of China and the Ministry of Finance. Authorities pledged closer coordination across administrative, criminal and civil channels to punish market misconduct.
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- China’s securities regulator coordinated with major agencies to crack down on financial fraud and boost investor confidence.
- In 2024, 159 fraud cases were investigated, with 111 penalties and fines/confiscations totaling 8.1 billion yuan ($1.2 billion).
- Authorities targeted delisted firms, enforced stricter delisting rules in April 2024, and referred 112 suspected criminal cases to police.
- Since 2024：
- Probes have been opened into 91 previously delisted companies and 18 companies have been forcibly removed from public markets for serious violations.
- Since 2024：
- The CSRC has referred 112 suspected criminal financial fraud cases to the police and supported civil compensation mechanisms for investors.
- Since the start of 2024：
- The CSRC has investigated 159 cases of financial fraud and imposed 111 administrative penalties, with fines and confiscations totaling 8.1 billion yuan.
- April 2024：
- Rules were introduced that lowered thresholds for fraud-based delisting, targeting companies engaged in multi-year financial falsification.
- January 6, 2026：
- China Securities Regulatory Commission (CSRC) Chairman Wu Qing chaired a high-level meeting with officials from the Supreme People’s Court, the Ministry of Public Security, the People’s Bank of China and the Ministry of Finance to address coordinated crackdown on financial fraud.
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