Chinanews.com, May 14th. According to the website of the China Securities Regulatory Commission, recently, some media reported that a Weibo big V broke the news that a listed company had conspired with the board to conduct market value management and "recklessly repaying debts."

In this regard, the spokesperson of the China Securities Regulatory Commission said in response to reporters on the 14th that the China Securities Regulatory Commission attaches great importance to media reports.

On May 13, the Shanghai Stock Exchange initiated the investigation of relevant accounts and issued a "Supervisory Work Letter" to the company in the afternoon of the same day, requesting the company to conduct self-inspection and truthfully disclose relevant information.

The agency dispatched by the China Securities Regulatory Commission has interviewed the company and related parties and initiated the verification process.

  The spokesperson pointed out that with regard to market manipulation and insider trading in the name of market value management, the China Securities Regulatory Commission has always upheld a "zero tolerance" attitude and severely investigated and dealt with in accordance with the law. Suspected crimes shall be promptly transferred to the public security organs.

Once it is discovered that listed companies and actual controllers, private equity funds, public equity funds and other related institutions are engaged in or participate in related illegal activities, the CSRC will investigate to the end, severely punish them in accordance with the law, and promptly announce to the public.

Screenshot of the SFC website

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