On Chinese New Year's Eve, when thousands of homes were reunited, the regulatory authorities worked overtime to quickly and decisively deal with a fraudulent issuance case. This case, which involved Shanghai Sier's new company, became the first penalty of the new year, which not only demonstrates the zero-tolerance attitude of the regulator, but also sends a clear signal to the market: any violation will be severely punished.
Unlike in the past, this penalty is against a company that has not yet been listed. This means that the regulator's gaze has shifted from post-listing supervision to pre-listing review. This pre-regulatory model has undoubtedly increased the market's self-restraint and compliance awareness.
For Shanghai Sierxin, the fraud in the IPO process is undoubtedly a great harm to the market and investors. The punishment of the regulatory authorities this time is not only a punishment for their behavior, but also a defense of market rules. The fine amount is as high as 16.5 million, which not only makes the violators pay a heavy price, but also shows the market the determination and strength of supervision.
At the same time, the regulatory authorities also investigated and prosecuted the violations of a number of practitioners of a brokerage. This action not only involves the violations of individual practitioners, but also touches on the internal management and supervision issues of securities firms. 63 people were administratively punished, with a total fine of 81.73 million, and 1 person was transferred to the judicial authorities for suspected insider trading. This series of measures is undoubtedly an in-depth rectification and warning to the brokerage industry.
In addition, there is also good news at the news level. The central bank's January finance-related data exceeded expectations, and broad money M2 increased by 8 year-on-year7%, and the narrow money M1 increased by 5 year-on-year9%。The improvement of this data not only indicates that the effect of monetary policy is emerging, but also indicates the enhancement of economic vitality and the active circulation of funds.
At the beginning of the new year, the regulatory authorities have shown strong supervision and determination. From the penalties for fraudulent issuance cases to the improvement of finance-related data, all reveal positive changes in the market and regulatory efforts. In this context, we have reason to believe that in the new year, the market will be healthier and more standardized, and investors will also get a more fair and transparent investment environment.
Finally, I wish you all good health and smooth work in the new year, and Changhong with investment returns. At the same time, it is also expected that the market can achieve more stable and sustainable development under the care of supervision.