Wu Qing: The fair and just market environment is further taking shape.

Chairman Wu Qing of the China Securities Regulatory Commission stated at a press conference organized by the State Council Information Office that they will continue to uphold strict regulation with sharp teeth and edges, continuously improve the comprehensive regulatory system, and resolutely crack down on illegal activities. During the "14th Five-Year Plan" period, they imposed administrative penalties on 2214 cases of financial fraud, market manipulation, insider trading, etc., totaling fines of 41.4 billion yuan, an increase of 58% and 30% respectively compared to the "13th Five-Year Plan". Law enforcement deterrence has been further strengthened, transparency has been further improved, and the market ecosystem has been further purified.