It has been reported that CSRC recently held an internal conference urging for further supervision on listed companies. It aims to crack down on activities which damage the interests of listed companies, as well as to safeguard the legitimate interests of investors.

Fan Fuchun, vice president of the CSRC, requested all supervision authorities of listed companies to further reinforce and improve their level of market supervision, and to increase the punishment of major shareholders who are involved in illegal activities like misappropriating or embezzling the funds of listed companies, in order to protect the interests of the listed companies and their investors.

For more information, please refer to http://news.xinhuanet.com/fortune/2008-06/23/content_8424795.htm