Recently, the China Securities Regulatory Commission, together with relevant departments, has implemented a series of important measures in the field of capital market supervision - deepening penetrating supervision, and vigorously advocating and encouraging the "whistleblower" reporting mechanism. This move fully demonstrates the zero-tolerance attitude of the regulatory authorities to market chaos, and also comprehensively strengthens the role of "gatekeepers" of intermediaries such as investment bank audits.
Penetrating supervision aims to see the essence through the phenomenon and deeply reveal the real situation behind the market. In the capital market, some criminals often use complex financial products and transaction structures to cover up their illegal activities under the guise of legality. Penetrating supervision is precisely to lift this "veil", so that all violations cannot be hidden. By strengthening the information disclosure system, intensifying on-site inspections, and improving technical means, the CSRC is committed to building a more transparent and fair market environment.
The "whistleblower" reporting mechanism is an effective means for the regulatory authorities to jointly maintain market order with the help of social forces. The so-called "whistleblowers" are those who have the courage to expose violations and report to the regulatory authorities. Their presence can not only detect and stop illegal behaviors in the market in a timely manner, but also form a strong deterrent effect on potential illegal behaviors. The China Securities Regulatory Commission (CSRC) has actively encouraged more "whistleblowers" to come forward and contribute to the healthy development of the market by setting up incentive mechanisms and protecting the legitimate rights and interests of whistleblowers.
However, strengthening penetrating supervision and incentivizing "whistleblowers" to report are only means, and their fundamental purpose is to consolidate the "gatekeeper" responsibilities of intermediaries such as investment bank audits. As an important participant in the capital market, intermediaries are responsible for ensuring the fairness, impartiality and transparency of the market. Only when intermediaries earnestly perform their duties as "gatekeepers" can they fundamentally curb irregularities in the market and protect the legitimate rights and interests of investors.
The China Securities Regulatory Commission, together with relevant departments, will further build a comprehensive punishment and prevention system, which is not only a powerful blow to market chaos, but also a profound governance of market order. We have every reason to believe that with the continuous efforts of the regulatory authorities, the capital market will usher in a healthier and more stable development situation.