20 19 the chairman of the China securities regulatory commission proposed to listed companies: "make clear the' four awe' and stick to the' four bottom lines'.
Clear "Four Awes"
-fear the market, respect the law, and take the road of steady and compliant development. It is hoped that major shareholders and listed companies will respect the market and laws from beginning to end, operate prudently and steadily, match their development with their risk control capabilities, do something different, and avoid major strategic mistakes and deviations.
-fear the rule of law, abide by the rules and strengthen the spirit of good faith contract. It is hoped that major shareholders and listed companies will adhere to laws and regulations as the criterion, seriously study the Securities Law and other laws and regulations, and earnestly respect the rule of law, respect the law, abide by the law and usage, and be honest and compliant.
-fear the profession, highlight the main business, and consciously stay away from market chaos. It is hoped that major shareholders and listed companies will highlight their main businesses, do fine professions, carry forward entrepreneurial spirit and craftsman spirit, and promote radical markets.
-fear investors, return investors, and actively practice the equity culture. It is hoped that major shareholders and listed companies will continue to optimize the investor return mechanism and become responsible, responsible and respected enterprises.
Stick to the "four bottom lines"
One is not to disclose false information,
Second, no insider trading,
Third, don't manipulate the stock price.
Fourth, it does not harm the interests of listed companies.
Punishment:
For serious problems, refusal to rectify or ineffective rectification, the CSRC will comprehensively use regulatory measures, administrative penalties, market ban, criminal transfer and other means to investigate the responsibility of the company, especially the major shareholder, director Gao Jian of the listed company and the actual controller.