Supreme Court and China Securities Regulatory Commission: The criminal responsibility of causing harm to others and committing a crime through "small essays" shall be investigated according to law.

The Supreme People's Court and the China Securities Regulatory Commission jointly issued the "Guiding Opinions on Strict and Just Law Enforcement and Judicial Services to Safeguard the High-Quality Development of the Capital Market". The opinions mention cracking down on the dissemination of false information, "rights protection black industry", and unfair competition in the issuance and listing process that disrupt the normal operation of the market and disrupt the order of the capital market, in order to create a clean and healthy market environment. For acts that disrupt market order and harm the rights of others by disseminating false information such as "small articles", if the victims file civil lawsuits requesting compensation, the people's court shall support them in accordance with the law; if it constitutes a crime, criminal responsibility shall be pursued in accordance with the law. For acts such as maliciously representing rights on behalf of issuers, listed companies, securities and futures fund management institutions, "paid deletion of articles", and maliciously filing lawsuits to block the IPO audit process, the people's court shall support relevant parties in safeguarding their legitimate rights, support relevant administrative authorities in pursuing administrative responsibilities for public security management and combating unfair competition in accordance with the law; if it constitutes the crime of extortion or false litigation, criminal responsibility shall be pursued in accordance with the law. Strengthen judicial protection for the employment rights and fair treatment of the "whistleblowers" in the capital market.