In recent years, the administrative organs have increased the punishment for violations of capital market transactions, and the most typical punishment for enterprise insider trading, market manipulation, and market disruption has been significantly expanded at the upper and lower limits.

The securities market's requirements for "strict management" of listed companies are not limited to the disclosure of corporate information, and the punishment for a series of violations under the capital market transactions has been increased.

On March 1, 2020, the new "Securities Law" officially landed, and listed companies ushered in new requirements for "strict management" of the securities market.

Under the former securities issuance approval system, many enterprises take risks to obtain issuance approval through a series of ways such as forging financial accounting documents before reaching the issuance conditions.

The 21st century is the era of knowledge economy, independent innovation has become an important magic weapon for enterprises to occupy a favorable position in the market competition. Intellectual property rights, as the natural crystallization or legal transformation of innovative achievements, play a crucial role in the development of enterprises.

In market activities, business operators have freedom of competition and freedom of speech, and have the right to evaluate the goods, services or business activities of other business operators, provided that the comments must be objective and true, and cannot fabricate or disseminate false information or misleading information.