"Two Highs" Amendment to Judicial Interpretation: Strengthening the Punishment for Insider Trading and Insider Information Disclosure Crimes.

According to the Securities Times APP, on July 24, the Supreme People's Court and the Supreme People's Procuratorate jointly issued the "Decision on Amending the Interpretation of the Supreme People's Court and the Supreme People's Procuratorate on Several Issues Concerning the Specific Application of Law in Handling Criminal Cases of Insider Trading and Leaking of Insider Information", which will be implemented from July 27, 2026. The "Amendment Decision" insists on strictly punishing crimes of insider trading and leaking of insider information according to the law, assisting in the construction of capital market rule of law, actively creating an open, fair, and just market environment, and effectively safeguarding the legitimate rights and interests of investors.