CSRC: Improve the comprehensive punishment and cooperation mechanism with relevant ministries, local party committees and governments for collusion in fraud with third parties.

The China Securities Regulatory Commission reported on the progress of the third round of inspections by the 20th Central Committee. It aims to enhance the ability to resolve risks and regulate enforcement comprehensively. It will adhere to coordinating the development of investment and financing, deepen the reform of public funds, work together with all parties to continuously promote the entry of various types of medium- and long-term funds into the market and increase their proportion, strengthen the reserve of strategic forces, and build stable market mechanisms. It will emphasize strict punishment according to the law and strict prevention according to responsibilities, accelerate the filling of gaps in laws and regulations for listed companies and industry organizations, coordinate the expansion of inspection coverage and enhance inspection effectiveness, further enhance the ability to discover illegal and irregular clues, improve the comprehensive punishment cooperation mechanism for third-party collusion and fraud with relevant ministries, local party committees, and governments. It will further improve the "admission-continuous supervision-exit" full-chain regulatory system, better play the role of daily supervision in correction and correction functions, and enhance the effectiveness of inspections and law enforcement. More effective measures will be implemented to protect the legitimate rights and interests of investors.