Wu Qing: Illegal acts such as market manipulation cannot be carried out in the name of market value management

On September 24th, the State Council Information Office held a press conference on September 24th. Wu Qing, chairperson of the Securities Supervision Commission, said at the meeting that to strengthen market value management, listed companies and relevant parties should improve their awareness of compliance, and cannot use market value management to implement market manipulation, insider trading and other illegal acts. A market-based incentive and restraint mechanism for share repurchase of listed companies will be established to stimulate major shareholders, executives and other entities of listed companies to enhance the value of listed companies.