General Manager of Sino-Thai Securities, Feng Yidong: "It is suggested that the individuals responsible for financial fraud should repurchase investors' stocks at the price before the incident occurred."

date
10/03/2026
At this year's National People's Congress and the Chinese People's Political Consultative Conference, Feng Yidong, a member of the CPPCC National Committee and General Manager of China-Thai Securities, suggested further improving the mechanism for holding listed companies accountable for financial fraud and strengthening investor protection. Feng Yidong put forward three suggestions: Firstly, increase the punishment for major shareholders and responsible persons of listed companies involved in financial fraud. In cases of financial fraud by listed companies, responsibility should be traced back to relevant individuals, with reference to the punishment standards for corruption of public officials. Punishments should be increased for major shareholders, actual controllers, directors, supervisors, and other significant parties with responsibilities, and in cases of serious circumstances and significant negative societal impact, punitive fines should be imposed and criminal liability should be pursued.