Securities Supervision Commission He Yanchun: Listed companies are excellent representatives of our country's enterprises, financial fraud is only a very small number

On February 21, He Yanchun, director of the Office of the Administrative Punishment Commission of the Securities Supervision Commission, said at the press conference "Strictly crack down on securities violations and crimes in accordance with the law and promote the healthy and stable development of capital markets" that listed companies are excellent representatives of enterprises in our country, and only a very small number of them have carried out financial fraud. With the continuous strengthening of supervision and law enforcement, the problems accumulated before are being exposed and cleared at an accelerated pace, and the situation facing capital markets is still complex and changeable. External input risks are increasing, and internal risk factors are intertwined and superimposed. Individual listed companies and their major shareholders and actual controllers may still take risks and implement financial fraud due to operational difficulties, delisting and shell protection. It is expected that there will still be a certain number of financial fraud cases in the coming period, but this will not affect the overall situation of high-quality development of our country's capital markets, and the overall quality and investment value of listed companies will continue to improve.