Xiūdìng hòu de zhèngquànfǎ jiā dà le duì wéiguī xíngwéi de chéngfá.
The revised Securities Law imposes stiffer penalties for violations.
Tips
history
First enacted 1998 (in force 1999), after the wild-west stock markets of the early 1990s. The 2019 major revision introduced a registration-based IPO system (注册制) and sharply raised penalties for fraud. Enforced primarily by the 证监会 (CSRC).
