On the afternoon of September 22, the State Council Information Office held a themed press conference on "High-Quality Completion of the 14th Five-Year Plan" series, introducing the achievements of financial industry development during the "14th Five-Year Plan" period.

Wu Qing, Chairman of the China Securities Regulatory Commission (CSRC), stated that over the past five years, the capital market has faced complex and profound environmental changes, with external imported risk challenges reaching turbulent levels, while domestic risks in certain sectors have "come to light." As the convergence point and sensitive zone for various risks, the capital market has borne the brunt of these challenges. The CSRC has consistently adhered to steady progress, balanced development with security, strengthened regulatory defenses, and strictly guarded the risk bottom line.

Wu Qing introduced that during the "14th Five-Year Plan" period, the effectiveness and deterrent power of regulatory enforcement have been significantly enhanced. He mentioned that focusing on financial fraud and other illegal activities that investors deeply despise, the commission has pursued both "primary culprits" and "accomplices," systematically building a comprehensive, three-dimensional integrated punishment and prevention system to decisively break up fraud "ecosystems." For example, regarding bond market financial fraud, the CSRC issued the largest penalties in history to EVERGRANDE and its auditing firm, amounting to 4.175 billion yuan and 325 million yuan respectively, while simultaneously holding third parties accountable for cooperating in fraud in the Yuebo Power case.