State Administration of Financial Supervision: Penalize 4,750 banking and insurance institutions in 2023. Focus on "key matters" that affect financial stability, "key people" that cause major financial risks, and "key behaviors" that disrupt market order.

Severely punish illegal shareholders and actual controllers, and severely crack down on malicious manipulation, evading funds, hollowing out institutions and other behaviors. Strictly implement the double-penalty system, increase the intensity of punishment for senior executives.