中国监管机构正加大力度保护个人投资者，支持对被指控存在不当行为的上市公司提起法律诉讼，同时加快投资损失赔偿进程。此举旨在恢复股市信心，在国家队入市托底后，股市已初步企稳。
Chinese regulators are stepping up efforts to protect individual investors by backing legal action against listed companies accused of misconduct while fast-tracking compensation for losses. The moves come as authorities seek to restore confidence in a stock market that has tentatively stabilised with support from state buying.
中国证监会网站发布的声明称，由证监会支持、代表中小投资者的中国证券投资者服务中心，已代表50余名散户投资者向北京金融法院起诉总部位于北京的软件制造商同方股份（TongTech），指控其涉嫌财务造假。
The China Securities Investor Services Centre, which represents small investors and is backed by the stock market regulator, has filed a lawsuit against Beijing-based software maker TongTech at the Beijing Financial Court on behalf of more than 50 retail investors, accusing it of accounting fraud, according to a China Securities Regulatory Commission (CSRC) statement published on its website.
此外，证监会表示，苏州清越光电科技已联同其会计师事务所及保荐机构设立专项基金，以快速赔偿投资者因这家高科技显示制造商在上市招股说明书中虚增业绩而遭受的损失。
Separately, the CSRC said Suzhou Qingyue Optoelectronics Technology had established a special fund with its accounting firm and sponsor to quickly compensate investors for losses linked to the hi-tech display maker’s overstated earnings in its listing prospectus.
这些案例是监管部门维护全国2.4亿个人投资者利益的最新举措，该群体为全球规模最大。恢复散户信心被视为人民币计价股市复苏的关键，该市场上月经历惨烈抛售，在国家队干预后出现企稳迹象。
The cases mark the latest examples of regulatory efforts to safeguard the interests of the nation’s 240 million individual investors, the largest such group in the world. Restoring confidence among retail traders is seen as critical to the recovery of the yuan-denominated stock market, which suffered brutal sell-offs last month before showing signs of stabilisation following state intervention.
证监会表示，将继续支持投资者服务中心代表投资者提起民事诉讼，并协助司法部门审理案件，更广泛的目标是推动资本市场高质量发展。
The CSRC said it would continue supporting the investor services centre in representing investors in civil lawsuits and assisting judicial departments in trials, with the broader goal of promoting the high-quality development of capital markets.
证监会补充称，还正根据《证券法》中允许上市公司主动赔偿投资者的条款，就预赔付指征求公众意见。证监会称，该指引将详细规定程序，并为投资者提供多种渠道，以快速高效地解决纠纷。
It added that it was also gathering public feedback on guidelines for advance compensation based on a clause under the Securities Law that allows listed companies to voluntarily compensate investors. The guidelines would detail procedures and offer investors multiple channels to resolve disputes quickly and efficiently, the CSRC said.
这些措施可能加强中国投资者保护的监管框架，因为个人交易者常常成为市场不当行为的受害者，包括操纵市场、内幕交易以及上市公司的会计欺诈。
The measures could strengthen China’s regulatory framework for investor protection, as individual traders often fall victim to market misconduct, including manipulation, insider trading and accounting fraud by listed companies.
中国证监会此前发现，同方股份在2019年至2022年间虚增销售额4.32亿元人民币（约合6480万美元）和利润3.14亿元人民币，并在追加发行中作出虚假披露。该公司被处以2.29亿元人民币罚款，其控股股东黄永军被禁止进入市场10年。同方股份因上述不当行为于1月被深圳证券交易所摘牌。
The CSRC earlier found that TongTech inflated sales by 432 million yuan (US$64.8 million) and profits by 314 million yuan between 2019 and 2022, and made false disclosures in a follow-on offering. The company was fined 229 million yuan, while its controller, Huang Yongjun, was barred from the market for 10 years. TongTech’s stock was delisted from the Shenzhen exchange in January over the misconduct.
中国证监会还对苏州清越处以1.72亿元人民币罚款，原因是该公司在2022年为在科创板上市而虚增收益。其股票交易自9月起暂停，最后收盘价为0.58元人民币。
The CSRC also fined Suzhou Qingyue 172 million yuan for inflating earnings to secure a listing on the tech-heavy Star Market in 2022. Trading in its shares has been suspended since September and last closed at 0.58 yuan.
中国证监会副主席刘厚林周四在一次投资者会议上的讲话中，阐述了该监管机构稳定股市的努力，包括吸引更多长期资金，并对融资融券规则进行逆周期调整。
In a speech at an investor conference on Thursday, CSRC vice-chairman Liu Haoling outlined the regulator’s efforts to stabilise the stock market, including attracting more long-term capital and making countercyclical adjustments to rules on margin trading and short selling.