China News Agency, Beijing, April 17 (Reporter Chen Kangliang) The China Securities Regulatory Commission released the construction of the government under the rule of law in 2019 on the 17th. Statistics show that the CSRC made a total of 296 administrative punishment decisions throughout 2019, with a fine of 4.183 billion yuan (RMB, the same below), and 66 people were banned from the market.
The relevant person in charge of the China Securities Regulatory Commission said that in 2019, the China Securities Regulatory Commission will insist on governing the city according to law and actively perform its legal duties. This includes continuing to deepen the reform of the administrative examination and approval system and performing administrative licensing duties efficiently in accordance with the law. A total of 3,189 applications for administrative licenses were received throughout the year, and 6,101 notifications were received for acceptance, correction, and feedback. Continue to promote the opening of audit standards, and publish business quizzes on initial refinancing. Performed the responsibilities of stock issuance review. A total of 206 companies approved or registered initial public offerings (IPO) for the year, financing 282.185 billion yuan; approved 249 listed companies to refinance, financing 636.248 billion yuan; Including IPO and additional issuance), 32 companies completed the H-share issuance with a total financing of 104.8 billion Hong Kong dollars.
Second, strengthen daily supervision, such as inspection and supervision, to promote the normal operation of market players. The China Securities Regulatory Commission has strengthened company supervision and adopted 247 and 115 administrative supervision measures for listed companies and non-listed public companies throughout the year. Strengthen the supervision of securities companies and other securities fund and futures business institutions, and adopt 289 administrative supervision measures for securities fund and futures business institutions throughout the year, and 120 supervisory personnel. Intensify the supervision of intermediary service agencies, taking administrative supervision measures against 2 law firms and 12 lawyers throughout the year, and adopting administrative supervision measures against 1 accounting firm and 6 certified public accountants.
In addition, optimize front-line self-regulation and give full play to the industry's self-regulation advantages. The CSRC guides the exchange to improve the supply of key areas, revise and perfect basic business rules such as stock listing rules and member management rules, optimize the business environment, and strengthen the management of members and other market players.
The person in charge said that in 2020, the CSRC will adhere to the market-oriented and rule-of-law reform, learn from international best practices, and continue to promote the reform and opening up of the capital market. Improve the administrative law enforcement responsibility system, continue to promote administration according to law, strengthen supervision according to law, govern the city according to law, further enhance the effectiveness of supervision, fully protect the legitimate rights and interests of investors, and provide a strong foundation for creating a standardized, transparent, open, dynamic and resilient capital market The guarantee of the rule of law promotes the long-term stable and healthy development of the capital market. (Finish)