Following the appointment of a new chairman at the beginning of the year, the China Securities Regulatory Commission (CSRC) has undertaken a major overhaul to restore confidence in the stock market.
This revamp has involved intensive penalties against certain listed companies, brokerages, and individuals. So far this year, more than 60 listed companies have reportedly faced administrative penalties, and 36 have been placed under formal investigation. At the same time, a significant number of company executives have resigned.
