Liu Chengwei: Why is financial fraud subject to the strictest accountability in market violation cases?

Recently, the China Association for Market Regulation contacted its member units, and Liu Chengwei, a partner at Global Law Firm, stated in the sixth issue of "China Association for Market Regulation Economic Observation" that financial fraud accounts for a very high proportion of market violations. Therefore, from the perspective of the responsibility system, whether it is three-dimensional accountability or existing rules, a comprehensive punishment system has been established to deal with financial fraud. This strict accountability system is not only a deterrent to financial fraud, but also a protection of market order and investor rights. Through such a mechanism, it can promote the healthy development of the market and maintain the integrity foundation of the capital market.