The CSRC said it will step up coordination with local governments to eradicate
financial statement fraud, emphasizing implementation of central directives and
the political responsibility to combat and prevent market accounting fraud. The
regulator will strengthen gatekeeping at the source, expand information sharing,
conduct coordinated enforcement, and improve risk resolution and investor
protection. Local authorities are cited as essential partners in a comprehensive
deterrence-and-punishment framework; central and local bodies will act in
concert to reinforce supervision, curb fraud, and support high-quality local
economic development and China’s broader financial-strengthening objectives.
