Dong Wenhai felt that Duan Yu was making a big fuss at all, so he answered disapprovingly: "Isn't it easy to deal with it? Isn't it okay to deal with it as usual? It is not that there have been similar cases before, last year, Wanfu Technology fictitious income, 90% of the cumulative profits were fake, and the cumulative inflated sales revenue and operating profits reached 900 million yuan and 210 million yuan, which was more serious than Xintai Company, and the final result was a fine of 300,000 yuan, and I think Xintai Company was fined 200,000 yuan......

A gleam flashed in Duan Yu's eyes, he turned his head to look at the others, and asked expressionlessly, "Let's all express our opinions, talk about your opinions......."

Li Songle raised his head and said: "I agree with Comrade Wenhai's opinion, since there are old precedents to follow, let's deal with them according to the old precedents, a bowl of water should be leveled, ......."

Qian Biguo and Ma Chaoran glanced at each other and said: "Deal with it according to the old routine, handle it according to the old routine, we have no opinion......."

Wang Huadong and Zhao Shunli looked at Duan Yu's face, hesitated for a moment, and said: "This kind of behavior of deceiving investors should indeed be severely cracked down, and some penalties can be appropriately increased......."

However, Su Huishan, the head of the discipline inspection team, who has never spoken much at the team meeting, said with some anger: "A fine of 200,000 yuan is too little, how can this painless and painless work be effective? Only when the punishment of those who commit fraud is heartbroken, will they learn a lesson......."

"Comrade Huishan said it well! In the end, he is an old discipline inspection cadre, and his principle is strong!" Duan Yu waited for this sentence, and gave Su Huishan a thumbs up.

As he spoke, Duan Yu glanced at the other people majestically, and said sternly: "You are all old comrades of the China Securities Regulatory Commission, and you have more experience than me, and you must know better than me how bad the nature of fraud like Xintai Company is, how much harm it does to investors, and how much it affects the healthy development of the stock market? Why is the falsification of financial data and the falsification of information disclosure repeatedly prohibited, and it is becoming more and more rampant?!......".

Speaking of this, Duan Yu slapped the table vigorously and said angrily: "It's because our punishment is not strong enough, Comrade Huishan just said well, we will punish Xintai Company for a listed company that relies on fraud to go public, and we will punish them until they are heartbroken and scared! So I decided to give Xintai Company a penalty of forced delisting, and at the same time impose a fine of 24 million yuan on Yexing Securities, which sponsored Xintai Company's listing......."

Everyone was stunned by Duan Yu's words, forced delisting, 24 million fines, this is definitely the most severe punishment in the history of the China Securities Regulatory Commission! Even Su Huishan, who proposed to increase the punishment before, was stunned, good guy, everyone called himself Su Tieshou, saying that he was ruthless, and he dared to love Chairman Duan, who was much more ruthless than himself, the head of the discipline inspection team!

Dong Wenhai was the first to jump out to oppose it, and he waved his hand angrily and said: "I don't agree, this is simply a mess, our China Securities Regulatory Commission has never had a precedent of forcibly delisting because of fraudulent issuance, and others will say that we are tyranny! It is a chaotic act ......."

Li Songle also said slowly: "I also think it's inappropriate, it's not fair to Xintai Company, why did Wanfu Technology only fine 300,000 yuan before, and they will be forced to delist?......?

Qian Biguo and Ma Chaoran also said sneeringly: "The punishment of forced delisting is indeed too severe, Chairman Duan should consider it carefully......."

Wang Huadong and Zhao Shunli did not directly object, but looking at the expressions of the two, they probably felt that Duan Yu's decision was too harsh, Su Huishan touched his chin and groaned, probably thinking about whether to support Duan Yu clearly, after all, once Duan Yu's decision is announced, it will definitely have a huge impact, and it is difficult to estimate how big this impact will be for a while.

Duan Yu also guessed that there would be such a reaction, and also knew that if he blindly took a hard line, it was likely to cause collective resistance from everyone present, and the effect would only be counterproductive, so he slowed down and said: "Comrades, I went down to meet an old shareholder on the trading floor of the stock exchange this time, and he taught me his "secret of stock speculation", he said that he never chooses high-performance stocks and blue chip stocks in stock speculation, but selects ST stocks, because ST stocks are easy to restructure and sell shells, so as to make money, and he just listened to a fake star stock analyst." Liar", believing the so-called "inside information", bought ST Xintai, which is likely to be his coffin ......".

Speaking of this, Duan Yu tapped his fingers on the table and said bitterly: "The thoughts of this old shareholder represent the thoughts of most of our stockholders, isn't this phenomenon worthy of our reflection? Why is there a phenomenon that junk stocks are more sought after by investors than blue-chip stocks and high-performance stocks? It is because we have not established an effective delisting system and a strict and profit-oriented asset restructuring system!" Asset restructuring is the essence of the capital market, an important means to optimize the allocation of capital market resources, and a reorganization and integration of high-quality resources in the market, which should be actively encouraged and vigorously promoted. However, the asset restructuring of our Huaxia has gone astray. Most of the companies that are now restructured are bad companies, ST companies, and companies that are going to be delisted. In fact, it is to buy, sell, and reverse shells, which is a ...... that does no harm to the capital market."

"I know your worries, but have you ever thought about it, our stock market is now in chaos and problems, and if we don't take some extraordinary measures, our stock market will only become more and more chaotic, and eventually completely ruin the entire stock market! My idea is to set up a negative example through the forced delisting of Xintai Company, so as to standardize our delisting system ......."

Saying that, Duan Yu deliberately glanced at Li Songle again, compared to Dong Wenhai, who was outspoken against it, Li Songle's words were more insidious, and it was necessary for him to respond, and then said: "I said at the media conference at the beginning of my tenure that the main direction of our CSRC's work in the future is to strictly supervise and control, how can this be said to be unpredictable, and punishment without teaching? On the contrary, I think that if we can't show some strength in the CSRC and can't let the market see our determination to strictly supervise, then people will feel that we are firing empty cannons......."

Duan Yu's words were sonorous and powerful, and every sentence struck everyone's hearts, and Su Huishan no longer hesitated, and was the first to say: "Chairman Duan, I support your decision......!

Dong Wenhai was still a little unconvinced: "Since Chairman Duan has already decided, what are we still discussing here?" I reserve my opinion......."

Li Songle was more cunning, he didn't directly object, glanced at Duan Yu and said: "This matter is not trivial, I suggest that you consult your superiors before making a decision, otherwise we can't afford to ...... any serious consequences."

In the end, the party committee failed to reach an agreement, but Duan Yu was ready to impose a penalty of forced delisting on Xintai Company, and at the same time imposed a fine of 24 million on Yexing Securities, which sponsored Xintai Company's listing, but the news spread out, which immediately caused an uproar.

It was not an hour after the meeting, Duan Yu's mobile phone began to ring non-stop, all intercession calls, some for Xintai Company, and some for Yexing Securities, all of which were upset for Xintai Company and Yexing Securities, saying that Duan Yu's punishment was too severe.

Among them, the biggest one is Wang Xinyuan, secretary of the Liaoyuan Provincial CPC Committee, who is a veteran secretary of the provincial party committee and has been in charge of Liaoyuan Province for nearly 10 years, and it is said that the central authorities first transferred him to the Standing Committee of the National People's Congress to serve as vice chairman, but this is a treatment at the vice-national level, but he refused, saying that he would never leave Liaoyuan unless the economy of Liaoyuan Province was boosted.

People who know Wang Xinyuan know that he has a relatively upright personality, but he also has a big temper, he is old and strong, and he easily does not bow to others, and it is very rare for him to be able to call Duan Yu to intercede in person.

"Comrade Duan Yu, it is said that I should not make this call, but I have to call, Xintai company is a listed company in our province, if you let Xintai company be forced to delist, this company will completely collapse, it is not easy for our province to support a listed company, not to mention anything else, Xintai company has more than 1,000 employees, if Xintai company collapses, the jobs of more than 1,000 employees will be gone, I am the secretary of the provincial party committee must be responsible for this more than 1,000 employees, can you sell my old man a face, raise your noble hand, and fall lightly, I assure you that Xintai company will never have financial fraud in the future......" Wang Xinyuan lowered his body and said.

Duan Yu said sincerely: "Secretary Wang, it's not that I don't give you face, you need to be responsible for more than 1,000 employees of Xintai Company, but I need to be more responsible for hundreds of millions of shareholders across the country, Xintai Company's fraudulent issuance has touched our regulatory red line, if I am lenient on Xintai Company, there will be more Xintai Company, so please forgive me for not being able to agree to your request......."

Wang Xinyuan was a little angry, and said angrily: "Comrade Duan Yu, you don't have to reason with me, as far as I know, there have been other listed companies that have engaged in fraudulent issuance before, and the nature is more serious than that of Xintai Company, so why was it not forcibly delisted? This is unfair to Xintai Company! I am not afraid of ...... even if this lawsuit is brought to the State Council." After speaking, he hung up the phone angrily.

Duan Yu didn't have time to pay attention to these intercession calls, because there was another thing that attracted his great attention, after the news that he was ready to give a forced delisting penalty to Xintai Company to Xintai Company, Xintai Company's stock fell directly the next day, which was supposed to be, but what is incomprehensible is that after three falling limits, Xintai Company's stock price actually began to rise again, and the trading volume was very large!