Draft Financial Law: Listed companies and related personnel will be legally responsible for damages to investors' rights and interests

The draft amendment to the Financial Law proposes that listed companies shall operate in accordance with the law, comply with regulations, and conduct business with integrity, establishing and improving corporate governance mechanisms.
The controlling shareholders, actual controllers, directors, senior management personnel, and other related personnel of listed companies shall not abuse shareholder rights or control positions, nor misuse operational management rights, to harm the legitimate rights and interests of the listed company and its shareholders and other relevant stakeholders.
If listed companies and their controlling shareholders, actual controllers, directors, senior management personnel, and other related personnel engage in false statements, insider trading, market manipulation, or other acts that damage the legitimate rights and interests of investors, resulting in losses for investors, they shall bear liability for compensation in accordance with the law.

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