Supreme Court and China Securities Regulatory Commission: Strictly regulate securities enforcement work to avoid indirect reduction or illegal reduction.

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 Ensure the High-Quality Development of the Capital Market". The opinions mention the need to strictly regulate securities enforcement work and prevent circumvention of reduction or illegal reduction. In the case of forced enforcement of stocks in restricted periods or stocks for which the parties have made commitments not to reduce holdings through judicial seizures, transfers, or other non-trading transfer methods, the people's courts should remind the transferee in the judicial auction announcement to comply with the provisions of securities regulations on stock transfers; after the forced enforcement of the relevant stocks, the transferee should continue to comply with the restrictions or reduction provisions.