China News Service, September 9th. On the afternoon of the 9th, the Supreme People's Procuratorate, the Supreme People's Procuratorate, the Ministry of Public Security, and the China Securities Regulatory Commission held a press conference on "Strengthening Securities Laws and Crimes and Creating a Good Legal Environment for the Capital Market".
Zhang Xiaojin, director of the Fourth Procuratorate of the Supreme People's Procuratorate, introduced that from 2021 to June this year, procuratorial organs across the country have prosecuted 376 people for various securities crimes.
Among them, 147 people were prosecuted from January to June this year, a year-on-year increase of 93.4%.
Zhang Xiaojin pointed out that in recent years, the procuratorial organs have conscientiously implemented the central government's deployment requirements on strengthening the rule of law in the capital market and cracking down on illegal securities activities in accordance with the law. Constraints, constantly improve the system and mechanism for handling securities crime cases, strengthen professional capacity building, effectively improve the quality and efficiency of case handling, and maintain the security of the capital market.
First, severely punish securities crimes in accordance with the law.
From 2021 to June this year, procuratorial organs across the country have prosecuted 376 people for various securities crimes.
Among them, 147 people were prosecuted from January to June this year, a year-on-year increase of 93.4%.
This rate of increase is still relatively large.
A number of cases in key areas such as financial fraud, market manipulation, and insider trading with significant social impact have been handled, forming a high-pressure situation to combat securities crimes.
The second is to improve the system and mechanism for the prosecution and handling of securities cases.
On September 18, 2021, the Procuratorial Office of the Supreme People's Procuratorate stationed in the China Securities Regulatory Commission was unveiled and established; continued to strengthen the construction of seven securities crime handling bases in Beijing, Tianjin, Liaoning, Shanghai, Chongqing, Qingdao, Shenzhen, etc., to focus on handling difficult and complex securities crime cases; Strengthen the case-handling capacity of the procuratorial organs in areas with a large number of cases, such as Zhejiang and Jiangsu.
The third is to strengthen judicial standardization.
On April 30 this year, the Supreme People's Procuratorate and the Ministry of Public Security jointly issued the revised standards for filing and prosecuting securities crimes.
This time, the Supreme People's Court, the Ministry of Public Security, and the China Securities Regulatory Commission have selected 5 typical cases from securities crime cases that have been successfully handled in recent years for publication.
Next, we will continue to compile and distribute typical cases and guiding cases to guide the handling of securities crimes.
Fourth, protect the rights and interests of investors in accordance with the law.
The procuratorial organs have implemented the whole process of case-handling to recover assets and restore losses, adhere to the principle of "recovering as much as possible", and try to help investors recover their economic losses as much as possible through various means such as "double-checking" money laundering criminal clues and supporting special representatives' lawsuits.
The fifth is to attach importance to the governance of the source of complaints.
Closely integrated with supervision and case handling, assisting in identifying common problems and loopholes in listed companies, financial institutions, and industry supervision, etc., through the formulation and issuance of procuratorial recommendations, and carrying out compliance with the companies involved in the case, to achieve "handling one case and managing one". Treat "already sick", and prevent "not yet sick", and promote the treatment at the source.
Sixth, strengthen communication and cooperation between administrative and judicial departments.
Local procuratorial organs and local securities regulators and judicial departments have established and improved the working mechanism for the connection of executions, and carried out comprehensive cooperation in information sharing, case consultations, personnel training, expert assistance, and cadre exchanges, so as to jointly build a joint force of law enforcement and justice.
Zhang Xiaojin mentioned that in the next step, the procuratorial organs will continue to fully implement the "zero tolerance" requirements, work closely with securities regulators and judicial organs, continue to increase the punishment of securities crimes, protect the rights and interests of investors in accordance with the law, and contribute to the reform and development of the capital market. Provide strong judicial protection.